How Do You Measure Conditions and Outcomes?

Let’s look at outcomes first. One way to access economic health is through its gross domestic product (GDP). The GDP is the total value of everything produced within a country’s borders. In theory, at least, this number is essential to understanding a country’s economy. That’s because the higher the GDP, meaning the more production that’s happening, the more access to capital, employment opportunities, and variety of available consumption choices your citizens will enjoy.