Solved: Why is it important for a country to calculate their gdp, Macroeconomics

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Why is it important for a country to calculate their gdp

Question:

Why is it important for a country to calculate their GDP and release this information to the public? Would it matter if they only reported nominal GDP and not real GDP? The calculation of GDP does not include everything, such as non-market and illegal activities; explain the relative importance of this for a country.

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Macroeconomics: Why is it important for a country to calculate their gdp

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Macroeconomics: Why is it important for a country to calculate their gdp

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