Question

Why is tracking GDP a good way to evaluate the impact of governmental decisions on society?(1 point) Responses The GDP can help measure the total production of goods and services around the world. The GDP can help measure the total production of goods and services around the world. The GDP is a marketplace in which stocks are bought and sold. The GDP is a marketplace in which stocks are bought and sold. The GDP can help track changes in employment. The GDP can help track changes in employment. The GDP can help track the stability of prices. The GDP can help track the stability of prices.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Tracking GDP is a good way to evaluate the impact of governmental decisions on society because it provides a comprehensive measure of the economy's overall health and performance. By looking at changes in GDP over time, policymakers can assess the effectiveness of their decisions in stimulating economic growth, creating jobs, and maintaining price stability. Additionally, GDP data can help identify trends and patterns that may indicate areas of improvement or potential risks to the economy. Overall, tracking GDP allows for a more informed and evidence-based approach to decision-making that can benefit society as a whole.