Answer-Which of the following is the most widely used indicator for measuring the economic growth of a coun...

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What is GDP Gross Domestic Product represents the total monetary or market value of all the finished goods and services produced within a countrys borders in a specific time period usually annually or quarterly.   Why is it used for growth Economic growth is defined as an increase in the production of economic goods and services. Since GDP tracks total output, a percentage increase in Real GDP GDP adjusted for inflation is the standard definition of economic growth.   Why the other options are incorrect    Consumer Price Index CPI This measures changes in the price level of a basket of consumer goods and services. It is used to measure inflation , not growth.   Human Development Index HDI This is a composite statistic of life expectancy, education, and per capita income indicators. While it measures development and quality of life, it is not the primary measure for strictly economic growth.   Gini Coefficient This is a statistical measure of distribution used to gauge economic inequality within a population. It does not measure the size or growth of the economy itself.

Which of the following is the most widely used indicator for measuring the economic growth of a country?

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