How do you think a country's GDP affects its citizens' ability to consume?

Question

Chemistry

Kolby Haynes

2 May, 06:32

How do you think a country's GDP affects its citizens' ability to consume?

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Answers (2)

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Elvis Hood · Answer 1

The larger the GDP the better the overall economy of the country. It means more produced equals more for domestic consumption and hopefully an excess for export. It is essentially the production of wealth that will increase the standard of living for every citizen. Remember, GDP is the measure of the value of the gross domestic production of goods and services.

Maximilian Avery · Answer 2

Because they don't know what to do in the world.