The most commonly used metric for measuring the value of a national economy is:
A) gross domestic product (GDP).
B) gross national product (GNP).
C) gross national income (GNI).
D) gross domestic income (GDI).

Question

Quizplus · Accepted Answer

GDP measures the total value of goods and services produced within a country's borders in a given period. It is widely used by policymakers, investors, and analysts as a key indicator of a country's economic health and overall standard of living. GNP, GNI, and GDI are also measures of national income, but they differ in the way they calculate the income earned by a country's residents and businesses, making them less commonly used as the primary metric for evaluating national economies.

The Most Commonly Used Metric for Measuring the Value of a National