One way that economists measure the performance of an economy is by looking at a widely used measure of total output called gross price stability.

Question

Quizplus · Accepted Answer

Economists measure the performance of an economy by looking at a measure of total output called Gross Domestic Product (GDP), not gross price stability. Gross price stability refers to the stability of prices in an economy, not its total output.

One Way That Economists Measure the Performance of an Economy