The U.S. strongly relies on GDP data. However, it is only the total value of finished goods produced by the country. Officials are looking to measure total sales volume at all stages of production. What statistic would be most useful to them?
A) Consumer price index
B) Producer price index
C) Gross output
D) Productivity

Question

Quizplus · Accepted Answer

Gross output (GO) is a measure of total sales volume at all stages of production. GO is almost twice the size of GDP and is more consistent with economic growth theory.

The US Strongly Relies on GDP Data