Which of the following is the best measure of the growth rate of the economy?

Question

Quizplus · Accepted Answer

The percentage change in real GDP is the most commonly used measure of economic growth, as it captures the increase in economic activity and productivity over time. It accounts for changes in the quantity and quality of goods and services produced, and adjusts for inflation, making it a more accurate measure of economic growth than nominal GDP. Investment levels, real GDP per capita, and real GDP per worker are useful indicators of economic development and productivity, but they do not capture the overall growth rate of the economy.

Which of the Following Is the Best Measure of the Growth