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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 20
Circle the letter that corresponds to the best answer. Which statement is the most accurate?
A) On a per capita basis, GPI is greater than GDP.
B) GPI has more than doubled over the last 40 years.
C) The difference between GDP and GPI is the annual rate of inflation.
D) GPI is about one-quarter of GDP on a per capita basis.
A) On a per capita basis, GPI is greater than GDP.
B) GPI has more than doubled over the last 40 years.
C) The difference between GDP and GPI is the annual rate of inflation.
D) GPI is about one-quarter of GDP on a per capita basis.
Explanation
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GPI, or Genuine Progress Indicator is si...
Macroeconomics 11th Edition by Stephen Slavin
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