When gross domestic product increases,what is the outcome for economic growth?
A) Aggregate output will increase
B) The nation will experience a slowdown in growth.
C) Aggregate output will decrease
D) Growth will remain steady when compared to developing nations.
E) Growth will decline based on the value of the national currency.

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) measures the total value of goods and services produced in a country over a period of time. When GDP increases, it means that aggregate output, or the total quantity of goods and services produced by the economy, has also increased. This leads to economic growth, which is generally measured by the rate of change in GDP over time. Therefore, choice A is the correct answer.

When Gross Domestic Product Increases,what Is the Outcome for Economic