You constantly hear about Gross Domestic Product or GDP. It reflects a country’s economic activity, actually the value of all a country’s products and services are produced in a period or a year. It generally represents a good indicator of the county’s economic health.
It can be skewered when natural disasters such as hurricanes and earthquakes or tsunamis or wars influence unusual economic activity. But the GDP can be a standard against which we can truly measure our debts and national and social accounts.
Especially our debts.
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