Question
Which of the following is definitely a major indication of the state of the economy of a country?
Answer: Option B
Answer: (b)
The rate of GDP growth is a major indication of the state of the economy of a country. Economic growth is the increase in the market value of the goods and services produced by an economy over time. It is conventionally measured as the per cent rate of increase in gross domestic product.
Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a year, or another given period of time.
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Answer: (b)
The rate of GDP growth is a major indication of the state of the economy of a country. Economic growth is the increase in the market value of the goods and services produced by an economy over time. It is conventionally measured as the per cent rate of increase in gross domestic product.
Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a year, or another given period of time.
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