The most common measure of the size of an economy is:
A) its national wealth.
B) its GDP.
C) its GDP per capita.
D) its population.

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) is the most commonly used measure of the size of an economy. It represents the total value of goods and services produced within a country's borders in a given period (usually a year) and is considered a reliable indicator of a country's economic performance. National wealth and population do not provide an accurate measure of an economy's size, and GDP per capita depends on population as well.

The Most Common Measure of the Size of an Economy