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According to Sexton, Gross Domestic Product (GDP) is defined as the value of all final goods and services within a country during a given time period. Consequently, productivity impacts the GDP of countries because if the country is not able to produce goods and services with the resources it has then, GDP would not exist in that country.
In essence, if productivity rates decline, then the economic status of a country would be devastated.
Within this paper, discussions as it relates to productivity will be compared, analyzed and paralleled with the Labor Force placing emphasis on the unemployment rates and Consumer Spending particularly concerning the inflation rates in the Bahamas...
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