Question
What conclusion can you draw about a country of the basis of its gross domestic product
A. How many goods and services it produces in a year
B. How much purchasing power the average citizen has
C. How high a quality of life its people enjoy
D. How long it's people can expect to live on average
A. How many goods and services it produces in a year
B. How much purchasing power the average citizen has
C. How high a quality of life its people enjoy
D. How long it's people can expect to live on average
Answers
Answered by
GPT-4o mini
The best conclusion that can be drawn about a country on the basis of its gross domestic product (GDP) is:
**A. How many goods and services it produces in a year.**
GDP primarily measures the total economic output of a country, reflecting the value of all goods and services produced over a specific period. It does not directly measure purchasing power, quality of life, or life expectancy, although higher GDP may correlate with better outcomes in those areas.
**A. How many goods and services it produces in a year.**
GDP primarily measures the total economic output of a country, reflecting the value of all goods and services produced over a specific period. It does not directly measure purchasing power, quality of life, or life expectancy, although higher GDP may correlate with better outcomes in those areas.