It increases the united states trade deficit. Their main suppliers are foreign so they import more than they sell foreign.
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.
The more you invest in human capital the higher your GDP goes.
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.
The more you invest in human capital the higher your GDP goes.
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.
when nu dontknw the ans....then how i can ans
Yes
the GDP does not affect the literacy rate. The literacy rate affects the GDP. normally the higher the literacy rate, the higher the GDP, but not always. Some countries can have a very high literacy rate, but not a high GDP. but most of the time the higher the literacy rate, the higher the GDP and standard of living.
Quality health care is expensive, and nations with higher GDP can afford better care.