What conclusion can you draw about a country on the basis of its gross domestic product (GDP)?(1 point)

Responses

how many goods and services it produces in a year
how many goods and services it produces in a year

how long its people can expect to live on average
how long its people can expect to live on average

how much purchasing power the average citizen has
how much purchasing power the average citizen has

how high a quality of life its people enjoy

1 answer

While GDP is a significant measure of a country's economic performance, it primarily indicates how many goods and services the country produces in a year. Therefore, the most accurate conclusion based on GDP would be:

how many goods and services it produces in a year.

However, it's important to note that GDP alone does not provide a comprehensive view of aspects like life expectancy, purchasing power, or quality of life, as these factors can be influenced by many other variables beyond economic output.