"Economic growth" has occurred if the
A) inflation rate between this year and last year is zero or less.
B) GDP this year exceeds the Real GDP this year.
C) unemployment rate this year is above the natural rate of unemployment.
D) Real GDP this year exceeds the Real GDP of last year.

Question

Quizplus · Accepted Answer

Economic growth is measured by the increase in Real GDP over time. Therefore, option D is the correct choice as it compares the Real GDP of two different years and indicates an increase in output.

"Economic Growth" Has Occurred If the