GDP can be used as a(n)
A) extremely accurate measure of economic welfare.
B) rough gauge of economic activity over time.
C) precise measure of inflation.
D) accurate measure of a nation's international economic activities.
Correct Answer:
Verified
Q45: National income is the sum of all
Q46: Intermediate products are
A)goods that are purchased by
Q47: Which of the following circumstances would not
Q48: Which of the following would increase GDP?
A)More
Q49: If GDP rose from $4 trillion in
Q51: In 1933 net private domestic investment was
Q52: Wages are used to calculate
A)GDP by the
Q53: GDP will grow faster than real GDP
Q54: Gross Domestic Product would be a more
Q55: National income measures
A)nominal GDP after it has
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