The single most important measure of the economy's overall economic performance, or the measure of national output, is called

A) National Income (NI). B) Net National Product (NNP). C) Gross National Product (GNP). D) Gross Domestic Product (GDP).

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Katelynn Hansen

29 April, 02:50

The single most important measure of the economy's overall economic performance, or the measure of national output, is called

A) National Income (NI). B) Net National Product (NNP). C) Gross National Product (GNP). D) Gross Domestic Product (GDP).

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Taniyah Williams · Answer 1

The correct answer is D.

Gross Domestic Product (GDP) is the main macroeconomic indicator that measures the total output generated in a country during a specific period of time, usually a year. It aggregates the total monetary value of the goods and services that have been produced within the country.

GDP is measured over time. When the GDP figure registered in a certain period is compared to former years, it can be determined whether there has been positive or negative economic growth in the country.

Darren Hood · Answer 2

The answer is D) Gross Domestic Product (GDP).

The single most important measure of the economy's overall economic performance, or the measure of national output, is calledA) National Income (NI). B) Net National Product (NNP). C) Gross National Product (GNP). D) Gross Domestic Product (GDP).

The single most important measure of the economy's overall economic performance, or the measure of national output, is called

A) National Income (NI). B) Net National Product (NNP). C) Gross National Product (GNP). D) Gross Domestic Product (GDP).