In evaluating an economy's performance over a period of years,real GDP provides a better measuring rod than GDP because
A) GDP is distorted by its failure to show qualitative improvements in the products we manufacture.
B) real GDP is adjusted for the social and environmental costs of production,which are normally not compensated.
C) real GDP includes such productive endeavors as housewife services and home repairs that are performed by households without payment.
D) GDP reflects changes in prices as well as changes in output.
Correct Answer:
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Q174: The only difference between Gross Domestic Product
Q175: If real GDP increased and GDP decreased
Q176: Government purchases are about _ of GDP.
A)one-half
B)two-fifths
C)one-third
D)one-fifth
E)one-tenth
Q177: GDP is $8 trillion.If consumption is $5
Q178: If depreciation exceeds gross private domestic investment,it
Q180: GDP data are criticized as being inaccurate
Q181: If GDP rose and the GDP deflator
Q182: The primary advantage of the GPI over
Q183: Each of the following are trillion dollar
Q184: In 2009 our _ over $14 trillion.
A)GDP
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