Which is the best measure of economic growth of a country?

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AGNP

BGDP

CNet Revenue

DNet worth

Answer:

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries.

Related Questions:

Which sector contributes the most to India's GDP?

What is the function of the GDP deflator?

i.It is a measure of inflation which evaluates the entire range of goods and services produced in the economy.

ii.It shows real GDP growth on the basis of current production.

iii.The GDP deflator is in real terms while the CPI is in nominal terms.

iv.None of the above