Which of the following is a measure of the size of the total economy?
A)Gross domestic product
B)Government debt burden
C)The ratio of imports to exports
D)Stock of inventories
E)The money supply

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the most widely used measure of the size of the total economy. It represents the total value of goods and services produced in a country during a specific period, usually a year. Government debt burden, the ratio of imports to exports, stock of inventories, and the money supply are all important economic indicators, but they do not provide a comprehensive measure of the size of the economy.

Which of the Following Is a Measure of the Size