Which of the following is the most basic measure of economic growth?
A) consumer price index
B) producer price index
C) gross domestic product
D) total of all goods and services produced

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the most basic measure of economic growth as it represents the total value of all goods and services produced within a country's borders over a given period. The consumer price index (CPI) and producer price index (PPI) measure changes in the prices of goods and services, while the total of all goods and services produced is a broad term that could encompass different measures of economic activity.

Which of the Following Is the Most Basic Measure of Economic