Economists Measure the Total Output of an Economy in Order

question 173

Multiple Choice

Economists measure the total output of an economy in order to

• A) estimate the economy's consumption of resources.
• B) measure the overall level of prices.
• C) know how to adjust gross domestic product (GDP)for inflation.
• D) prevent the appearance of business cycles.
• E) gauge the economy's overall health.

---

Definitions:

Set Goals

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives.

Influence Others

The process of affecting the actions, beliefs, or attitudes of another person or group through persuasion or authority.

Visionary

An individual with a clear, distinctive, and specific future view, combined with the ability to communicate that vision in a way that influences others.

Empowering

The act of giving someone the authority or power to do something, or making someone stronger and more confident, especially in controlling their life and claiming their rights.