menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics
  4. Exam
    Exam 5: Measuring a Nations Income
  5. Question
    Which Statistic Is the Best Single Measure of an Economy's
Solved

Which Statistic Is the Best Single Measure of an Economy's

Question 41

Question 41

Multiple Choice

Which statistic is the best single measure of an economy's well-being?


A) the exchange rate
B) the labour force participation rate
C) the gross domestic product
D) the natural rate of unemployment

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q36: A country reported nominal GDP of $200

Q37: How is the estimated rental value of

Q38: GDP is used as the basic measure

Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table

Q40: Sophie, a Canadian citizen, works in the

Q42: How is a country's wealth related to

Q43: If real GDP doubles and the GDP

Q44: A hypothetical economy produces only two items:

Q45: Hank, a British citizen, only works in

Q46: Which nonmarket good or service is included

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines