Question

Most economists prefer _____ as the best indicator of current economic performance.

Answer 1

The answer is real GDP growth, because this measures the growth in economy with having it to be related to GDP of which this is being expressed to be real compared to others that it is likely to be the best indicator in terms of economic performance.

Answer 2

Most economists prefer real GDP growth as the best indicator of current economic performance. Real GDP is the gross domestic product in constant dollars. In other words, it is a nation's total output of goods and services, adjusted for price changes. The real GDP allows economists to make useful comparisons of a nation's output and services by eliminating the effect of price changes. It is also known as inflation-corrected GDP and constant-price GDP.