Question
Why is tracking GDP a good way to evaluate the impact of governmental decisions on society?(1 point)
Responses
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.
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 measure the total production of goods and services around the world.
Responses
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.
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 measure the total production of goods and services around the world.
Answers
GPT-4o mini
The correct response is:
**The GDP can help track changes in employment.**
Tracking GDP is useful for evaluating the impact of governmental decisions on society because changes in GDP are often related to economic activity, including employment rates. When GDP increases, it can indicate that businesses are producing more goods and services, which often leads to job creation. Conversely, a decrease in GDP can signal economic contraction and rising unemployment, providing insights into the effectiveness of government policies.
**The GDP can help track changes in employment.**
Tracking GDP is useful for evaluating the impact of governmental decisions on society because changes in GDP are often related to economic activity, including employment rates. When GDP increases, it can indicate that businesses are producing more goods and services, which often leads to job creation. Conversely, a decrease in GDP can signal economic contraction and rising unemployment, providing insights into the effectiveness of government policies.