... GDP for a country is high this suggests that it has many productive industries producing goods and services such as schools and hospitals are well developed. If the figure is low, it implies that the country has few industries and services and therefore a poorer quality of life. The Gross National Product (GNP) is a similar indicator, only it also includes goods and services produced by that country overseas. GDP and GNP figures are useful for comparing countries and are often used to rank countries to establish a fair system of aid payments. They are also a good indicator of the state of the economy and the provision of services and are relatively easy to calculate from official government figures. However, one figure cannot represent the distribution of wealth in a country and so inequalities are hidden. Figures could possibly be manipulated by governments who wish to appear poorer so they ...

See this essay or coursework document in full right now