The real GDP data could be properly thought of as a(n)
A)index of our economic well-being.
B)measure of the total wealth of a nation.
C)index of total output or productive activity.
D)index that measures the size of government.

Question

Quizplus · Accepted Answer

Real GDP is an index that measures the total output or productive activity in a given economy. It does not account for wealth or the size of government, but rather provides a measure of the level of economic activity taking place within an economy. While it is often used as an indicator of economic well-being, it is not a comprehensive measure of a nation's overall economic health.

The Real GDP Data Could Be Properly Thought of as A(n)