What Is GDP & Why Is It Important?

By Tim Stobierski on hbs.edu

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This article is about understanding GDP (gross domestic product) and why it is important. It explains what GDP is, how it is calculated, and its components. It also discusses how it can be used by investors, business leaders, and policymakers to understand economic health. Finally, it provides insight into the importance of GDP and how it can be used to inform decisions.