Chapter 12 Gross Domestic Product and Growth

Every day, businesspeople need to make decisions about how many airplanes to produce or houses to build. They wish that they could predict what the economy is going to do in six months or a year.

While economists cannot predict exactly how the economy will behave, they can make educated guesses. In this chapter you will read about how economists measure the country's economic performance and make forecasts about future economic activity.

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