Why are economists always so concerned with GDP?

Economics Dec 18, 2020

Expert Solution

Economists are always concerned with GDP because it is a figure that can be greatly affected by national economic policies. How a nation regulates its economic activity can have a significant impact on how much an economy is able to produce and is incentivized to produce. The GDP figure is also a key part of understanding things like the standard of living and the ability of a nation's public utilities to provide for its citizens.

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