For each of the sectors that we came across in this chapter why one should focus on employment and GDP? Could there be other issues which should be examined? Discuss.

Question

Philoid · Accepted Answer

There are different reasons to support that one should focus on employment and GDP:-

(a) If we focus on employment and GDP then size of a country’s economy can be determined easily.

(b) To easily determine the other issues about economy Per Capita Income and Productivity are very important things to know about in detail, which can be calculated by focusing on employment and GDP.