Question

write the impact of the existing negative GDP on the :- 1.employment conditions in the country
2. standard of living of living of the people
3. small and medium businesses

please help...it's important​

Answer 1

Answer:

GDP is an indicator of a society’s standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology, or the—positive or negative—value that society may place on certain types of output..

Explanation:

Answer 2

Explanation:

1) Economic conditions refer to the state of macroeconomic variables and trends in a country at a point in time. Such conditions may include GDP growth potential, the unemployment rate, inflation, and fiscal and monetary policy orientations

2) GDP is an indicator of a society's standard of living , but it is only a rough indicator because it does not directly account for leisure , environmental quality , levels of health and education , activities conducted outside the market , changes in inequality of income , increases in variety , increases in technology , or the positive or negative - value that society may place on certain types of output ..

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