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Gross Domestic Product (GDP) is a key economic indicator used to monitor the business cycle by measuring the total value of goods and services produced within a country over a specific period. Changes in GDP indicate the health of an economy; rising GDP typically signals economic expansion, while falling GDP suggests contraction. Analysts use GDP data to identify trends, assess economic performance, and make forecasts, helping policymakers and businesses make informed decisions. Additionally, GDP growth rates can signal turning points in the business cycle, such as recessions or recoveries.

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