Multiple Choice
In 2009 Kuwait's nominal GDP declined by 30 percent, while the economy registered growth of more than 4 percent. Which of the following is true?
A) Both Nominal and Real GDP Growth are not good indicators of production growth.
B) The growth in Real GDP is a good indicator of how production increased from one year to another.
C) The growth in Nominal GDP is a good indicator of how production increased from one year to another.
D) Both Nominal GDP and Real GDP growth are good indicators of production growth.
Correct Answer:
Verified
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