The Gross Domestic Product Is A Economic Impact On The Economy

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The Gross Domestic Product is a monetary measure of the value of all final goods and services produced. GDP estimates are commonly used to determine the economic performance of a whole country or region .It also measures economic productivity and growth, what GDP represents, has a large impact on nearly everyone within that economy. For example, when the economy is healthy, you will typically see low unemployment and wage increases as businesses demand labor to meet the growing economy. A significant change in GDP, whether up or down, usually has a significant effect on the stock market and the economy at large. It is useful to see spending and revenue as a percentage of GDP rather than raw dollars because it gives an accurate proportion of governments spending and revenue, it is a performance measure to know how well the economy of a country is. The Factors being controlled by this approach is inflation, deflation, economic expansion and trends, currency rates and fluctuation. 1b.1940- 1945 saw the economy of the nation at a very high government spending GDP at 43% and revenue at 20%, meaning the government was spending more money than it was making, this might be due to the great depression that followed the post war, slow economic growth, high unemployment but the government was spending on defense programs and weapons needed to keep the people and country safe. By 1950- 65 spending and revenue was about the same. Although productivity never returned to peak levels,
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