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SIE: Economic Indicators
SIE practice questioneasyEconomic Indicators - GDP

Which economic indicator measures the total value of goods and services produced within a country’s borders?

  1. AUnemployment Rate
  2. BConsumer Price Index (CPI)
  3. CGross Domestic Product (GDP)✓ Correct answer
  4. DProducer Price Index (PPI)
Explanation

Why CGross 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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