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Which of the following is definitely a major indication of the state of the economy of a country?
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- Rate of GDP growth
- Rate of inflation
- Number of banks in a country
- None of these
Correct Option: A
Rate of GDP growth is a major indication of the state of the economy of a country. Economic growth is the increase in the market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in gross domestic product. Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in year, or other given period of time.