What conclusion can you draw about a country on the basis of its gross domestic product (GDP)?
Responses
how long its people can expect to live on average
how high a quality of life its people enjoy
how many goods and services it produces in a year
how much purchasing power the average citizen has
3 answers
The conclusion that can be drawn about a country based on its gross domestic product (GDP) is the level of goods and services it produces in a year. GDP measures the value of all final goods and services produced within a country's borders during a specific period and provides an indication of the economic activity within the country. It does not directly provide information about the average citizen's purchasing power, life expectancy, or quality of life, although it can indirectly impact these factors.
So which one is the right naswer?
The correct answer is: "how many goods and services it produces in a year."
1 answer