The size of a nation’s economy is commonly expressed as its:
The size of a nation's economy is commonly expressed as its:
Answer: Gross Domestic Product (GDP)
Gross Domestic Product (GDP) measures a nation’s economic size, reflecting the total value of goods and services produced. Studying GDP highlights its role in economic analysis, the challenges of accurate measurement, and its impact on policy-making. It also offers insights into how economies are compared, providing lessons on using economic indicators to guide development and fiscal strategies effectively.
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