The main indicator of economic growth is:

Question

Quizplus · Accepted Answer

Change in real per capita GDP is the most widely used indicator of economic growth as it reflects the overall increase in economic activity and accounts for changes in population and inflation. In contrast, inflation measures the rate of price increases, the performance of the stock market may not necessarily reflect overall economic growth, and the cost of a "market" basket only reflects changes in prices of a specific set of goods and services. Total GDP can also be an indicator of economic growth, but it does not account for changes in population and inflation, which is why real per capita GDP is a better indicator.

The Main Indicator of Economic Growth Is