The broadest measure of economic activity is:

Question

Quizplus · Accepted Answer

Real GDP is the broadest measure of economic activity as it reflects the total value of goods and services produced by an economy in a given period of time, taking into account price changes. The stock market and business confidence are indicators of economic activity, but they only reflect the performance of certain sectors or firms, rather than the overall economy. Nonfarm payrolls are a measure of employment, which is an important aspect of the economy but is not as broad as GDP.

The Broadest Measure of Economic Activity Is