When economists talk about growth in the economy, they measure that growth as the
A) absolute change in nominal GDP from one period to another.
B) percentage change in nominal GDP from one period to another.
C) absolute change in real GDP from one period to another.
D) percentage change in real GDP from one period to another.
Correct Answer:
Verified
Q210: If total spending rises from one year
Q211: Table 23-2
The following table contains data
Q212: The term economists use to describe a
Q213: A country reported nominal GDP of $35
Q214: Table 23-2
The following table contains data
Q216: The percentage change in the price level
Q217: If in some year nominal GDP was
Q218: The GDP deflator is the ratio of
A)real
Q219: Table 23-3
The following table reports nominal
Q220: Changes in real GDP reflect
A)only changes in
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