The nation of Tryland has seen the total value of the goods and services it produces increase rapidly over the past year.This would show up most clearly as a:
A)decline in the number of workers who are structurally unemployed.
B)rise in Tryland's CPI.
C)rise in Tryland's unemployment rate.
D)rise in Tryland's GDP.

Question

Quizplus · Accepted Answer

The total value of goods and services produced in an economy is measured by the GDP (Gross Domestic Product), so an increase in the value of production would be reflected as a rise in Tryland's GDP. This would be the most appropriate choice among the options provided. A decline in the number of workers who are structurally unemployed (A) would indicate an improvement in the labor market, but it is not necessarily related to the increase in the value of production. A rise in Tryland's CPI (B) would indicate an increase in the general price level of goods and services but would not directly indicate an increase in the value of production. An increase in Tryland's unemployment rate (C) would indicate a decrease in the demand for labor, which is not consistent with an increase in the value of production.

The Nation of Tryland Has Seen the Total Value of the Goods