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Which of the following is an indicator of economic growth? A. literacy rate B. standard of living C. life expectancy D. gross domestic product

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3 votes
D gross domestic product
User Amir Khorsandi
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6 votes

(D)

GDP is an important concept regarding the wealth produced by the economic activities of a given country. It is an economic indicator that corresponds to all the final goods and services produced by an economy in a certain period of time.

GDP is the economic indicator most used to measure the wealth of a nation and also serves as a benchmark for measuring public investments. For example, it is usually said that a country invests a percental value of GDP in education, health, or that it spends so much of GDP with the judiciary.

User Jerryhung
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