We can measure the status of a national economy by looking at:
A) its total expenditures.
B) its median income.
C) We can look at either of these things to get the same measure.
D) Neither of these is used to measure a nation's economic status.

Question

Quizplus · Accepted Answer

Total expenditures (or gross domestic product) is a commonly used measure of a nation's economic status, as it reflects the value of all goods and services produced within its borders. Median income, while important, only reflects the income level of the middle point in a population and does not provide a comprehensive view of the overall economic health of a nation.

We Can Measure the Status of a National Economy by Looking