1. Give three reasons why GDP is the most widely used measurement in determining economic growth and development? Explain your answer. 2. As an economic and accounting analyst, which of the two should a government pay more attention for domestic and economic growth? a. increase importation of goods and services b. increase export of goods and services Choose either a or b. Explain your answer in your own words, 5- 6 sentences.

1. Give three reasons why GDP is the most widely used measurement in determining economic growth and development? Explain your answer. 2. As an economic and accounting analyst, which of the two should a government pay more attention for domestic and economic growth? a. increase importation of goods and services b. increase export of goods and services Choose either a or b. Explain your answer in your own words, 5- 6 sentences.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 1QR

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2. As an economic and accounting analyst, which of the two should a government pay more attention for domestic and economic growth? a. increase importation of goods and services b. increase export of goods and services Choose either a or b. Explain your answer in your own words, 5- 6 sentences.
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