Translated from Indonesian to English - www.onlinedoctranslator.

com

In the economy of a country, there is an indicator that is used to assess whether the economy
is going well or poorly. Indicators in assessing the economy must be used to determine the
total income earned by everyone in the economy. The appropriate and appropriate indicator
in carrying out these measurements is Gross Domestic Product (GDP).
Gross Domestic Product or GDP (Gross Domestic Product) is the most important economic
statistic because it is considered the best single measure of people's welfare. This is because
GDP measures two things at the same time: the total income of everyone in the economy and
the total spending by the country on goods and services produced by the economy. The
reason GDP can measure total income and expenditure is because for an economy as a whole,
income must equal expenditure.
GDP can be a reference for the country's economy because it is calculated from the total
value of final goods and services produced by all economic units of a country. From this, a
developed country can be said to be economically prosperous if its GDP from year to year
has increased. For example, this year Indonesia has a GDP of 7% higher than last year, so it
can be concluded that the Indonesian economy is getting better than last year.
In my opinion, the size of a country's GDP does not necessarily become an absolute reference
that a country's economy is in bad shape. However, there are many other aspects that become
a reference. However, a high GDP greatly contributes in indicating that a country's economy
is on the right track.