How does GDP affect me?

In the last article, ‘WTF is: GDP’ I tried to briefly explain what GDP is and how its calculated – but a very often asked question does remain…How does it affect us? Sure, governments tend to do well politically when GDP is high, and people seem to be more satisfied when it is – but when you think about it, if someone didn’t tell you how much GDP grew, would you really notice?

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WTF is: GDP

If you were to put everything that was produced in the country, in one single bag, and give it all a value, that value would be the country’s GDP.

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