Question : What is the most generally used indicator of overall economic performance?
Option 1: Per capita Gross National Product
Option 2: Human Development Index
Option 3: Physical Quality of Life Index
Option 4: Standard of living
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Correct Answer: Per capita Gross National Product
Solution : The correct answer is Per capita Gross National Product .
Gross domestic product (GDP) is widely acknowledged as the primary indicator of overall economic performance. It signifies the total value of all goods and services generated within the geographical confines of a country during a specific timeframe. Serving as a comprehensive gauge, GDP offers insights into the scale and vitality of an economy.
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