The economic growth rate between 2017 and 2018 is calculated by:
A) the change in real GDP between the two years divided by real GDP in 2017, multiplied by 100.
B) real GDP in 2018 minus real GDP in 2017, multiplied by 100.
C) the change in real GDP between the two years divided by real GDP in 2018, multiplied by 100.
D) real GDP in 2018 plus real GDP in 2017, divided by 2, and multiplied by 100.
Correct Answer:
Verified
Q96: 'Current-dollar' GDP is another term for
A)inflation-adjusted GDP.
B)real
Q97: Refer to Table 4.1 for the following
Q98: China's current rate of GDP growth is
Q99: If real GDP increases, we know for
Q100: The measure of production that values production
Q102: The 'GDP deflator' is a measure of
Q103: The economic growth rate is measured using:
A)nominal
Q105: The GDP deflator only measures the prices
Q106: Refer to Table 4.2 for the following
Q205: Nominal GDP measures the value of all
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