The primary purpose of using GDP is to:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Assess the health of a country's economy.
- GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year).
- It counts all of the output generated within the borders of a country.
- GDP is composed of goods and services produced for sale in the market and also includes some nonmarket production, such as defense or education services provided by the government.