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Edited by Telec:
2/28/2013 12:51:50 PM
17
Which is more important - GDP or unemployment?
You can gear a policy to help with GDP growth or with unemployment. Which do you choose?
(For the sake of argument, assume that the relative improvement is approximately the same, on whatever scale you choose to use)
And what if the policy which helped unemployment would damage GDP?
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Edited by Diplomat: 3/1/2013 4:30:03 AMUnemployment is more important, as GDP only indicates the worth of the products your nation produces in a year, not the quality of living of your population. Plus, more employment means more circulation, which means more bought products, which means more production, which means a higher GDP. So I fail to see how raising employment would ever hurt GDP.
