Which of the following is the best measure of the actual quantity of goods and services produced by an economy?

Question

Quizplus · Accepted Answer

Real GDP is the best measure of the actual quantity of goods and services produced by an economy because it adjusts for inflation and reflects changes in the production levels of an economy. Nominal GDP does not account for inflation and can be misleading, while real GDP per capita and GDP per worker do not necessarily capture changes in production levels, but rather a distribution of GDP among the population or workforce.

Which of the Following Is the Best Measure of the Actual