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Which of the following is an indicator of economic growth?

literacy rate
standard of living
life expectancy
gross domestic product

User TimWagaman
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2 Answers

1 vote
I think it´s gross domestic product, but I´m not sure
User Wigy
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6 votes

Answer:

gross domestic product

Step-by-step explanation:

Economic indicators are statistical methodologies that aim to represent economic activity in a quantitative and direct way. It is a form of analysis designed to measure the evolution of an economy over time. The main economic indicator is GDP.

GDP is the way to measure the wealth of a country by calculating the output of final goods and services of an economy in a given period, usually one year. In the GDP equation, government investments and expenditures are also considered. The higher the GDP of a country, the better its performance in the world economy.

User Joseph Young
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