One way that economists measure the performance of an economy is by looking at a widely used measure of total output know as the _____.
A)consumer confidence index
B)leading economic indicator
C)gross domestic product
D)consumer price index

Question

Quizplus · Accepted Answer

Gross Domestic Product (GDP) is the standard measure of the value of finished goods and services produced within a country's borders in a specific time period and is widely used to gauge the economic performance of a country.

One Way That Economists Measure the Performance of an Economy