The traditional measurement of the annual economic value of all goods and services within a country is called the ____.

Question

Quizplus · Accepted Answer

The figure shows a graph of GDP over time, indicating that the traditional measurement being referred to is GDP (A). GNP (B) measures the value of all goods and services produced by the residents of a country, regardless of their location, but this is not being referred to in the figure. HPI (C) and GNH (D) are alternative measures of economic performance that include non-economic factors like wellbeing and happiness, but they are not the traditional measurement being referred to in this question. NIH (E) stands for National Institutes of Health and is not related to economic measurement.

The Traditional Measurement of the Annual Economic Value of All