Which of the Following Economic Measures Is Most Useful in Comparing

question 147

Multiple Choice

Which of the following economic measures is most useful in comparing different economies across the world?

• A) aggregate supply
• B) total unemployment
• C) gross domestic product
• D) net national product
• E) aggregate expenditure

---

Definitions:

Marginal Cost

The expenditure required to produce one more unit of a product or service.

Incremental Cost

The additional cost associated with producing one more unit of a product or service.

Additional Unit

The next unit of product or service to be produced beyond the current production level, often considered in the context of marginal cost analysis.

Average Cost

The cost per unit of output, typically calculated by dividing total costs by the total quantity produced; synonymous with average total cost.