Which are indicators that economists use to measure how an economy grows? Select all that apply.

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22-01-2016
Social Studies

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Which are indicators that economists use to measure how an economy grows? Select all that apply.

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WorldCitizen WorldCitizen · Answer 1 · 2016-02-04T19:21:29+01:00

There is a number of indicators to measure the growth of the economy, among them the most important are:

GDP:
Gross Domestic Product. it measures the value of all the goods and services produced in the country.

Because some of the GDP can come from a foreign-owned companies, people also introduced:
GNP: Gross National product, measuring the value of produce by a country (whether in or abroad)

Some other indicators are:

Unemployment Rate
and the rate of inflation