FYI:
Gross Domestic Product (or GDP) is the total market value of all the final goods and services produced within an economy in a given year.
2006-07-05 14:47:39 · 4 answers · asked by DoWHATiDO 3 in Social Science ➔ Economics
Consumers act as a stimulus to GNP, as the demand for products by the consumer causes more of the desired products to be produced. Of course, consumer demand is often manipulated by outside forces such as advertising, and overall economic welfare of a given economy. Tight money means consumers are forced to rein in their demands for certain products, they spend less on non-essential, or discretionary items like recreational vehicles, for instance, and because demand for such products falls, less are produced, and so forth.
---UC Steve
2006-07-05 15:12:07 · answer #1 · answered by UCSteve 5 · 0⤊ 0⤋
GDP is affected by supply and demand. It accounts for the goods produced domestically and abroad. U forget your economics 101!
2006-07-05 14:53:23 · answer #2 · answered by josh- 23 years old 1 · 0⤊ 0⤋
The consumer buys it. Some of the consumers work in the factories that help to produce it. Its the basic circle of Economics.
2006-07-05 15:05:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
CONSUMERS MAKE PUMP PRIMING IN THE MACRO ECONOMY.SO GDP BECOMES RISING
2006-07-06 00:31:09 · answer #4 · answered by spacestrider 2 · 0⤊ 0⤋