Discussion week one ECN221_1 Dissertation Example For Download

Why Should Policy Makers care about GDP? Name of Student Name of Institution Gross Domestic Product – GDP should be a matter of concern to the policy makers since it is the most reliable gauge of growth of a country’s economy on a quarterly or annual basis. The policymakers should not take the GDP statistics at face value and should have a broad focus; not development of the economy solely (Coyle, 2014). They should be able to look beyond the GDP figures and comprehend the factors that led to those figures. This should be done because GDP provides estimates of how much the government can collect as returns and aid in making decisions on the tasks to undertake and those to postpone until a later date. GDP also shows the economic nature, might, and tendencies of a nation (Coyle, 2014). It, however, has some flaws as an indicator of economic might. For instance, when the Exon Valdez sank off British Columbia, both Canada and the U.S. added cleaning cost to their GDP account state...

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