Answer :
Final answer:
GDP growth is one of the core macroeconomic goals in the US because it promotes economic stability, business expansion, and government revenue.
Explanation:
GDP Growth as a Core Macroeconomic Goal in the US
Gross Domestic Product (GDP) growth is one of the core macroeconomic goals of the United States. It measures the value of all goods and services produced within the country's borders. The following reasons highlight its importance:
- Economic Stability: A growing GDP suggests a stable and robust economy, promoting employment opportunities, higher wages, and better living standards for citizens.
- Business Expansion: Increasing GDP encourages businesses to expand, invest, and innovate, leading to further economic growth and development.
- Government Revenue: A higher GDP translates to increased tax revenues for the government, which can be utilized to fund public services, infrastructure, and social welfare programs.
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