answersLogoWhite

0

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.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What are Small businesses yearly GDP?

U.S small business 50% of non - farm GDP


How does investing in human capital affect GDP?

it increases it (gdp)


What does GDP affect?

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.)


How would a stock market crash affect aggregate demand and GDP?

AD is reduced and so is GDP


How do fears of future economic problems affect GDP?

Consumers will spend less and save money in case future economic problems affect them; GDP will be reduced.


How do fears of future economic problems affect the GDP?

consumers will spend less and save money in case future economic problems affect them; GDP will be reduced


What effect on real GDP does increased saving by households and businesses have on the equilibrium level of real GDP?

More savings produces greater additions to capital per hour of labor, raising real GDP per person.


How does an investment in human capital and capital goods affect GDP?

The more you invest in human capital the higher your GDP goes.


Worker get increase in social security affect GDP?

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.


How does literacy rate impact a GDP?

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.


Can an increase in population growth affect GDP over time?

Yes


What are the factors that affect GDP of Pakistan?

when nu dontknw the ans....then how i can ans