Question: In Chapter 1, the authors list several criteria for comparing economic outcomes, and these include the level of output (GDP), the growth rate of output,

In Chapter 1, the authors list several criteria for comparing economic outcomes, and these include the level of output (GDP), the growth rate of output, composition of output, static efficiency, dynamic efficiency, macro stability, economic security, income and wealth equity, and freedom. Based on your reading of the assigned chapters, which measure is the most important tool for comparing economies? Please explain your response.

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