The statistic that measures the value of all goods and services produced in the United States is the
A)consumer price index.
B)index of leading economic indicators.
C)federal funds rate.
D)gross domestic product.

Question

Quizplus · Accepted Answer

The statistic that measures the value of all goods and services produced in the United States is the Gross Domestic Product (GDP). The consumer price index (CPI) measures changes in the prices of goods and services purchased by households while the index of leading economic indicators is a composite of ten economic indicators used to predict changes in the business cycle. The Federal Funds Rate is the interest rate at which banks lend to each other overnight and is set by the Federal Reserve to influence economic activity.

The Statistic That Measures the Value of All Goods and Services