One Way That Economists Measure the Performance of an Economy

question 28

Multiple Choice

One way that economists measure the performance of an economy is by looking at a widely used measure of total output know as the _____.

• A)consumer confidence index
• B)leading economic indicator
• C)gross domestic product
• D)consumer price index

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Definitions:

Blindness

The lack of visual perception due to physiological or neurological factors.

Fine Discriminations

Refers to the ability to distinguish subtle differences between similar stimuli.

Young Infants

refers to the earliest stage in human development, often considered to be the period from birth to 12 months old, characterized by rapid physical, cognitive, and emotional growth.

Senescence

The gradual deterioration of functional characteristics in organisms, leading to aging and an increased vulnerability to death.