Changes in real GDP are used to measure
A)Inflation.
B)Price level changes.
C)Business cycles.
D)Population growth.

Name: Changes in real GDP are used to measure A)Inflation. B)Price level changes. C)Business cycles. D)Population growth.
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Question

Quizplus · Accepted Answer

Changes in real GDP are used to measure business cycles or fluctuations in economic activity over time. Inflation is measured by changes in the price level, not real GDP. Population growth is not directly measured by changes in real GDP.

Changes in Real GDP Are Used to Measure