Real GDP is the most effective measure for determining the:

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Real GDP is a measure that captures changes in the level of economic activity over time, making it an effective measure for determining the growth rate of an economy over time. It is not the best measure for determining income levels per household, as it does not take into account income distribution. It is also not the best measure for determining changes in the price level, as it is adjusted for inflation. While real GDP can provide information on the overall level of economic activity and production, it should not be used as the sole measure of a country's standard of living, as it does not capture non-monetary aspects of well-being such as quality of life, health, and social welfare.

Real GDP Is the Most Effective Measure for Determining The