Business are hiring workers and GDP starts to increase as consumer spending increases

Question

Business

Triston

15 December, 03:53

Business are hiring workers and GDP starts to increase as consumer spending increases

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Answers (1)

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Monteen · Answer 1

True

Explanation:

The reason is that the business would only recruit extra employees if the demand of the product is increasing which means that the consumer are spending more on purchasing goods and services which would increase the domestic production that is responsible in increase in GDP of the country. So it is true that increased customer spending increases the domestic production which increase the GDP of the country.