Question

Why is it important for economists to determine the influences on a nation's real GDP?

A. Identify 2 of the factors on which they focus, and
B. Select one and give an example of how it affects the nation's GDP.

(Would really appreciate it if you can help me out!)

Answer 1

i have notes but i can try.gdp is the total value of final goods and services produced in a country in one year. the income approach  of calcuating gdp is the most accurate.the expenditure of calulating gdp is the most practical. i hope this helps,not my best  subject.