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Which of the following is a broad measure of economic production in a country and can show change and growth from year to year?

A) Human Development Index (HDI)
B) Gross Domestic Product (GDP) per capita
C) Inflation
D) Gross Domestic Product (GDP)

User Mrpotocnik
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Final answer:

The broad measure that reflects economic production and growth in a country is the Gross Domestic Product (GDP), which tracks the total monetary value of goods and services produced within a country each year.

Step-by-step explanation:

The correct answer is D) Gross Domestic Product (GDP). GDP is a comprehensive measure of economic production in a country and reflects changes and growth from year to year. Unlike the Human Development Index (HDI), which includes life expectancy, educational attainment, and adjusted per capita GDP, or the Human Poverty Index (HPI), which measures human deprivation, GDP focuses purely on economic output. GDP can be quantified by totaling the monetary value of all goods and services produced within a country over a given year. To assess economic growth and productivity, economists look for changes in a nation's GDP over time. It's also important to note that while GDP per capita takes population into account, providing a measure of average national wealth per person, GDP alone accounts for the total economic production without distributing it per individual.

User Fernando Rocha
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