The statistic used by economists to measure the value of economic output is:
A) the CPI.
B) GDP.
C) the GDP deflator.
D) the unemployment rate.
Correct Answer:
Verified
Q1: The economic statistic used to measure the
Q3: GDP is the market value of all
Q4: All of the following are a stock
Q5: To compute the value of GDP:
A) goods
Q6: All of the following transactions that took
Q7: The market value of all final goods
Q8: All of the following are a flow
Q9: The amount of capital in an economy
Q10: Two equivalent ways to view GDP are
Q11: Which of the following is a flow
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