____ serves as the most direct indicator of economic growth in the United States.
A) Gross domestic product (GDP)
B) National income
C) The unemployment rate
D) The industrial production index

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) measures the value of all goods and services produced in a country during a specific period of time. It serves as a direct indicator of economic growth because as GDP increases, it indicates that the economy is producing more goods and services, which leads to higher incomes, job creation, and overall economic well-being. GDP is widely used by policymakers, investors, and businesses to track and analyze economic trends.

____ Serves as the Most Direct Indicator of Economic Growth