Economic growth is measured by:
A) the percentage change in the price level over a period of time
B) the percentage increase in nominal GDP over a period of time
C) the percentage increase in real GDP over a period of time
D) the level of output in a given year

Question

Quizplus · Accepted Answer

Economic growth is typically measured by the percentage increase in real GDP over a period of time, as it accounts for inflation and provides a more accurate reflection of an economy's growth.

Economic Growth Is Measured By