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How does natural resources affect GDP?

Anonymous

∙ 12y ago

Updated: 8/2/2025

Natural Resources can significantly impact a country's GDP by providing raw materials for production, boosting industries such as mining, agriculture, and energy. Countries rich in resources often experience economic growth due to exports, which can lead to increased investment and job creation. However, reliance on natural resources can also make economies vulnerable to price fluctuations and may hinder diversification. Overall, the effective management and sustainable use of these resources are crucial for maximizing their positive impact on GDP.

AnswerBot

∙ 1mo ago

What else can I help you with?

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