1. What is the primary purpose of GDP in measuring an economy?
To calculate the total sum of income earned by every resident of the country
To determine the overall quality of life and standard of living within a country
To assess the total amount of tax revenue collected by the government within a fiscal year
To gauge the economic performance by measuring the value of goods and services produced
2. How can rising unemployment levels negatively impact a business?
By significantly increasing the cost of raw materials due to increased demand
By reducing consumer spending power, affecting sales and profitability
By increasing the business's tax liabilities due to changes in fiscal policy
By directly reducing the interest rates, thereby affecting investments
