Gross domestic product (measured in real dollars) is an important social tool because it provides
A) observers with a reasonably good index of social progress.
B) policy makers with a measure of the nation's total wealth.
C) policy makers with information about the economy's current rate of output and the direction of recent changes.
D) economists with a reasonably good measure of income inequality.
Correct Answer:
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Q181: As per capita GDP has risen in
Q182: Use the table below to choose the
Q183: If the cost-of-living indices were 100 in
Q184: Accurate measurement of GDP is important to
Q185: If the cost-of-living indices were 100 in
Q187: Economists generally use GDP to measure a
Q188: The real GDP data could be properly
Q189: Economists generally use gross domestic product to
Q190: What do cost of living indexes across
Q191: National income is
A) personal income of individuals
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