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 high a quality of life its people enjoy
how high a quality of life its people enjoy

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

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

1 answer

The most accurate conclusion you can draw about a country based solely on its gross domestic product (GDP) is:

how many goods and services it produces in a year.

GDP is a measure of the total economic output of a country over a specific period, reflecting the quantity of goods and services produced. While it can also be correlated with factors such as quality of life, purchasing power, and life expectancy, GDP itself does not directly measure these aspects.