Tuesday, February 11, 2014

Describe ways in which computers and other technology might affect a country's GDP? List 4 ways or more. Elaborate a little on each of your entries.

Computers and other technology in general would usually tend to increase a country's Gross Domestic Product (GDP).


First, a company might produce computers.  If it did, the computers would be counted as part of its GDP (when they are sold as new computers).


Second, having lots of computers could cause other kinds of businesses to spring up.  You might come to have computer repair people or internet service providers where you did not used to have such things.


Third, you might use the computers to increase productivity in other businesses.  If this happened, GDP would go up because the companies would run more efficiently.

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