Patty198
Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Why are economists always so concerned with GDP? GDP predicts what will happen next year. GDP is the most accurate way to determine if the economy is performing well. GDP is the basis of all tax systems. GDP is used to determine how many electoral votes each state has.

Sagot :

Vuk15
The correct answer is that the GDP is the most accurate way to determine if the economy is performing well. The only downside to the GDP is that it doens't show whether the standard of living has improved along with the economy since it is possible for countries to have high GDP due to large scale manufacturares and producers, yet for the people to still be poor because of low incomes from the said company owners.
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.