SIE practice questioneasyEconomic Indicators - GDP
Which economic indicator measures the total value of goods and services produced within a country’s borders?
- AUnemployment Rate
- BConsumer Price Index (CPI)
- CGross Domestic Product (GDP)✓ Correct answer
- DProducer Price Index (PPI)
Explanation
Why C — Gross Domestic Product (GDP)
GDP measures total economic output. CPI measures inflation, unemployment rate measures joblessness, and PPI tracks producer-level prices.
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