Which of the following statistics is usually regarded as the best single measure of a society's economic well-being?

a. the unemployment rate
b. the inflation rate
c. gross domestic product
d. the trade deficit

Respuesta :

The correct option is c. Gross domestic product (GDP) is regarded as the best single measure of a society's economic well-being.

Economic wellbeing refers to a person's ability to succeed by having their most basic needs for survival addressed as well as a stable source of income and possessions. Individuals may be forced to create smaller decisions to live during and after disasters, such as pulling kids out of school to work, that will have long-term harmful impacts. economic well-being indicators include inflation, job trends, and GDP per capita. Real GDP growth by industry, actual personal income per capita by state, and the sharing of personal information income among households are examples of distribution data. The indicator most frequently used to gauge a nation's economic health is its GDP. In addition to gauging a nation's health, this number is used to compare living levels among nations.

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