Which of the following is the most widely accepted measure of economic growth over time?

Question

Quizplus · Accepted Answer

Increases in real per capita GDP (Gross Domestic Product) are widely accepted as the measure of economic growth over time. It takes into account the growth of the overall economy adjusted for inflation and population growth, which allows for a more accurate comparison over time. Inflation (A) measures the general increase in prices over time, but does not necessarily indicate economic growth. Decline in real interest rates (C) indicate a possible increase in investment or borrowing, but does not necessarily indicate economic growth. Increases in the available labor supply (D) may lead to economic growth, but it is not a direct measure of growth over time.

Which of the Following Is the Most Widely Accepted Measure