Foreign exchange rate is used more frequently than gross domestic product (GDP) as a measure of a country's economic health.

Question

Quizplus · Accepted Answer

Gross Domestic Product (GDP) is a primary indicator used to gauge the health of a country's economy, as it represents the total dollar value of all goods and services produced over a specific time period. Foreign exchange rates, while important, mainly reflect the value of one currency against another and are influenced by various factors including economic health, but are not a direct measure of it.

Foreign Exchange Rate Is Used More Frequently Than Gross Domestic