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How does GDP affect businesses?

Updated: 8/22/2023
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12y ago

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Gross domestic product (GDP) is a broad measure of the nation's economic activity. For small businesses, which are often sensitive to the economic climate, GDP can be an important measure of current business prospects. Because GDP measures overall economic output, small businesses may carefully watch GDP figures to determine how the economy is faring and how their own results compare with the results of other businesses.

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