When comparing the measure of goods and services of one country to that of another, economists generally compare
A) the real GDP.
B) the real GDP per capita.
C) the real GDP and net exports.
D) the real GDP and the labor force.
Correct Answer:
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Q7: Technological progress occurs when the economy gets
Q8: Suppose real GDP was 100 in year
Q9: Suppose that real GDP starts at 200
Q10: According to the text, _ is perhaps
Q11: An increase in a country's capital stock
Q13: Recall the Application about the effect of
Q14: Suppose the annual growth rate of GDP
Q15: GDP per capita means GDP
A) in real
Q16: Suppose real GDP was 120 in year
Q17: Suppose the annual growth rate of GDP
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