Which of the following economic measures is most useful in comparing different economies across the world?
A)Aggregate supply
B)Total unemployment
C)Gross domestic product
D)Net national product
E)Aggregate expenditure

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the most commonly used economic measure to compare different economies across the world. GDP captures the total value of all goods and services produced within a country's borders over a given period, usually a year. It provides a good indication of the size and health of an economy and is often used by policymakers and investors to make decisions about trade, aid, and investment.

Which of the Following Economic Measures Is Most Useful in Comparing