Which of the following is the best indicator of the performance of the national economy?
A)The budget deficit of the federal government
B)The stock of capital goods (machinery)in the nation
C)The nation's stock of money
D)The balance of trade with other nations
E)The value of the final goods and services produced in the nation

Question

Quizplus · Accepted Answer

The value of the final goods and services produced in the nation, also known as Gross Domestic Product (GDP), is considered the best indicator of the performance of the national economy. It measures the total output of goods and services produced within a country's borders and provides a snapshot of the size and health of the economy. Other indicators, such as the budget deficit, stock of capital goods, nation's stock of money, and balance of trade can be important but may not provide a comprehensive picture of the economy's performance.

Which of the Following Is the Best Indicator of the Performance