Single Answer MCQ
Q-00015909
How do economists typically measure the production in different sectors?
1
By counting the number of workers
2
By using the values of goods and services
3
By estimating the total area of land
4
By measuring raw material extraction
Answer and Solution
Answer
B. By using the values of goods and services
Solution:
Economists measure production in different sectors by calculating the values of goods and services, as it reflects economic activity more accurately than counting quantities.
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