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Positives of Gdp

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Submitted By ktrap89
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Economists compute GDP by totaling consumption (the amount consumers spend on goods, amount of money put into markets, government spending and value of goods exported from other countries). An increase in GDP means that the economy is growing and that businesses are producing and selling more products or services. It also shows the country how they can reinvest their income. I believe that the welfare of a nation can be directly affected by a measurement of national income. The real GDP (per capita) tells you the level of resources people have on average, to provide for their needs and wants. The health of our children would be improved because we would know where our money is being spent and perhaps where it is more needed such as medical advancements or education which would go a long way in helping our children. It may allow us to reinvest in our education system as well and to produce better equipment and tools that would aid our students. I believe a rise in GDP also means that there are more jobs and unemployment would be on a decline. This means more people are working and happy since the economy is on the rise. This means they are happy, families are provided for and thus there are stronger marriages. By paying attention to the GDP we are showing more of a compassion and devotion to our country because we are looking at where our spending and output is most being used and how to make sure our economy takes a look at these numbers in an attempt to run more efficiently. It also increases our wisdom by making us really look at the numbers and start to think outside the box and to really analyze and see how we as a country can continue to sell more products and

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