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.
Buisness Finance
it increases it (gdp)
GDP is a measure, a better question is what affects GDP. GDP is, specifically a measure of a country's production. A higher GDP signals growth, efficient production, it may affect policy decisions, it may affect Federal Reserve decisions (money supply and interest rate, target inflation rate etc.)
consumers will spend less and save money in case future economic problems affect them; GDP will be reduced
Consumers will spend less and save money in case future economic problems affect them; GDP will be reduced.
More savings produces greater additions to capital per hour of labor, raising real GDP per person.
U.S small business 50% of non - farm GDP
it increases it (gdp)
GDP can indeed affect the literacy rate. If the country has a high GDP then it can provide free education to poors which will improve the literacy rate.
GDP is a measure, a better question is what affects GDP. GDP is, specifically a measure of a country's production. A higher GDP signals growth, efficient production, it may affect policy decisions, it may affect Federal Reserve decisions (money supply and interest rate, target inflation rate etc.)
AD is reduced and so is GDP
consumers will spend less and save money in case future economic problems affect them; GDP will be reduced
Consumers will spend less and save money in case future economic problems affect them; GDP will be reduced.
More savings produces greater additions to capital per hour of labor, raising real GDP per person.
The more you invest in human capital the higher your GDP goes.
They showed that businesses had rights.
It probably would affect GDP because people getting social security would have more money to spend so they would be able to buy more goods and services. Have a look at GDP in Wikipedia for more information.
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