Why is tracking GDP a good way to evaluate the impact of governmental decisions on society?(1 point) Responses The GDP can help measure the total production of goods and services around the world. The GDP can help measure the total production of goods and services around the world. The GDP is a marketplace in which stocks are bought and sold. The GDP is a marketplace in which stocks are bought and sold. The GDP can help track changes in employment. The GDP can help track changes in employment. The GDP can help track the stability of prices.
Tracking GDP is a good way to evaluate the impact of governmental decisions on society because it can help measure the total production of goods and services in the economy. This provides an indication of the overall health and growth of the economy, which can be influenced by government policies and decisions. Additionally, GDP can help track changes in employment, which is an important indicator of how well the government's decisions are creating jobs and reducing unemployment. Furthermore, GDP can also help track the stability of prices, which is crucial in evaluating the effectiveness of government decisions regarding monetary and fiscal policies aimed at controlling inflation.
