Question

Which serves as a useful yardstick to measure the annual performance of a country’s economy.​

Answer 1

Answer:

Marks: 1.5. serves as a useful yardstick to. measure the annual performance of a final. goods and services country.

Answer 2

GDP or Gross Domestic Product is the yardstick used to measure the annual performance of a country's economy.

• GDP is used to measure the economic progress of the country by studying its monetary expenditure and hence, it is a beneficial method for tracking the performance of a country's economy.
• This is done by evaluating the worth of all the services and goods the country produces.
• It is the metric commonly used for making international comparisons of economic performance and thus calculating the progress in economies.
• It gives the monetary worth of finished goods and services that is going to go into the hands of the customers.