Which are indicators that economists use to measure how an economy grows? Select all that apply.

Question

Social Studies

Titus Douglas

30 September, 05:47

Which are indicators that economists use to measure how an economy grows? Select all that apply.

+1

Answers (1)

Know the Answer?

Kaylynn · Answer 1

Economists usually rely on the Gross Domestic Product or GDP of a particular economy. GDP refers to the total monetary value of all goods and services that were produced in a particular nation. It is usually taken annually to gauge the status of the country's overall wealth and economic capacity.