Most economists prefer _____ as the best indicator of current economic performance.
A) the GDP deflator
B) consumer spending
C) nominal GDP growth
D) real GDP growth

Question

Quizplus · Accepted Answer

Real GDP growth is the best indicator of current economic performance as it adjusts for inflation and provides a more accurate measure of economic growth. Consumer spending and nominal GDP growth can also be useful indicators, but they do not take into account inflation. The GDP deflator is a measure of inflation, not economic performance.

Most Economists Prefer _____ as the Best Indicator of Current