Which are indicators that economists use to measure how an economy grows? Select all that apply.

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Bacchus

Social Studies

9 March, 07:21

Which are indicators that economists use to measure how an economy grows? Select all that apply.

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Koen · Answer 1

Economists usually rely on the Gross Domestic Product or GDP of a particular economy. GDP refers to the total monetary value of all goods and services that were produced in a particular nation. It is usually taken annually to gauge the status of the country's overall wealth and economic capacity.