________ is used worldwide and measures the total output of goods and services within a country's borders.
A) CPI
B) Prime interest rate
C) GDP
D) Z-Value
E) The Index of sustainable growth

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) is the most widely used measure of a country's economic output. It represents the total market value of all goods and services produced within a country's borders over a specific period of time. CPI (Consumer Price Index) measures the changes in prices of a basket of goods and services purchased by households, while the prime interest rate is the rate at which banks lend money to their most creditworthy customers. Z-Value is a statistical term used in hypothesis testing, and the Index of sustainable growth is not a recognized economic measure.

________ Is Used Worldwide and Measures the Total Output of Goods