A nation's wealth is best determined by which factor?

The best determination of a nation's wealth goes beyond just the accumulation of tangible products. It encompasses the total value of both tangible and intangible resources, making the accumulation of all resources, including human capital, technology, and financial assets, a critical component. This broader perspective allows for a more accurate assessment of a nation's overall economic health and potential for growth.

Natural resources are certainly a factor in determining wealth, but they represent only one aspect of the total economic picture. Similarly, the product possibilities frontier illustrates the maximum potential outputs an economy can produce, which is important for understanding efficiency and resource allocation but does not directly measure the wealth itself.

Therefore, the comprehensive view that incorporates all types of resources provides a more meaningful assessment of a nation's wealth, recognizing that both tangible and intangible elements contribute to its overall economic strength.