Answer :
The size of a country's GDP affects the quality of life of the country's people as the more goods and services people have, the better off they are of government policies that are economic growth.
Gross domestic product (GDP) is the standard measure of the value delivered created thru the production of products and services in a rustic throughout a positive length. As such, it additionally measures the income earned from that production or the entire amount spent on final goods and offerings (much fewer imports).
Gross home product is a financial measure of the market fee of all of the very last items and services produced in a particular time period by countries. Because of its complicated and subjective nature, this measure is regularly revised earlier than being considered a dependable indicator.
If, for instance, USA B produced in three hundred and sixty-five days 5 bananas every worth $1 and 5 backrubs every well worth $6, then the GDP could be $35. If the price of bananas jumps to $2 and the quantities produced remain the same within the subsequent yr, then the GDP of us of a B might be $40.
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