Economic growth is measured by the percentage change in:

Question

Quizplus · Accepted Answer

Economic growth is measured by the percentage change in potential real GDP (LRAS), as it reflects the economy's ability to produce goods and services over time. A increase in potential real GDP indicates that the economy is expanding and output is increasing, which is a key indicator of growth. Potential nominal GDP, structural unemployment, and inflation are all important indicators of economic health, but they are not direct measures of economic growth.

Economic Growth Is Measured by the Percentage Change In