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8/6/2019 What is GDP and Why is It So Important
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8/6/2019 What is GDP and Why is It So Important
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Investopedia explains Gross Domestic Product - GDPGDP is commonly used as an indicator of the economic health of a country, as well as togauge a country's standard of living. Critics of using GDP as an economic measure say thestatistic does not take into account the underground economy - transactions that, forwhatever reason, are not reported to the government. Others say that GDP is not intendedto gauge material well-being, but serves as a measure of a nation's productivity, which isunrelated.
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