Question

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

Answer 1

The answers are 2, 4, and 5

Answer 2

Economists usually rely on the Gross Domestic Product or GDP of a particular economy. GDP refers to the total monetary value of all goods and services that were produced in a particular nation. It is usually taken annually to gauge the status of the country's overall wealth and economic capacity.