Which of the following is true?
A) The GDP gap is the difference between nominal GDP and real GDP.
B) Economic growth is a difference between last year's CPI and this year's CPI.
C) Economic growth is measured by the annual amount increase in a nation's real GDP.
D) Discouraged workers are not fully accounted for in the unemployment rate.
Correct Answer:
Verified
Q21: What stage of the business cycle immediately
Q24: Over time, real GDP tends to:
A) fluctuate.
B)
Q28: The GDP gap is the difference between:
A)
Q28: The GDP gap is the difference between:
A)full-employment
Q29: Exhibit 12-1 Business cycle Q34: A coincident indicator:
A)highlights future changes in economic
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