One of the most common uses of GDP is to:
A) track changes in an economy over time.
B) see which country has the fairest distribution of wealth.
C) evaluate different standards of living across countries.
D) measure the amount of money has been made in the economy.

Question

Quizplus · Accepted Answer

GDP is used to track changes in an economy over time. It is a measure of the total value of goods and services produced within a country's borders, and it is used to gauge the size and health of an economy. While it can be used in conjunction with other metrics to evaluate standards of living and wealth distribution, its primary purpose is to track economic growth over time.

One of the Most Common Uses of GDP Is To