What do governments and economists use to gauge the health of an economy?

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05-05-2022
Social Studies

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What do governments and economists use to gauge the health of an economy?

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Zakariad6idn Zakariad6idn · Answer 1 · 2022-05-05T22:30:18-04:00

Zakariad6idn Zakariad6idn

05-05-2022

Answer: Economic Growth

One way in which economists measure the performance of an economy is by looking at a widely used measure of total output called gross domestic product (GDP). GDP is defined as the market value of all goods and services produced by the economy in a given year.

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