Changes in real GDP serve as a better measure of the health of the economy than changes in nominal GDP because real GDP is affected by changes in:
A) Output only.
B) Prices and output.
C) Prices only.
D) Average wages.
Correct Answer:
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Q10: Which of the following is NOT included
Q11: Country's GDP is:
A) The sum of the
Q12: Nominal GDP is affected by changes in:
A)
Q13: Which of the following countries currently has
Q14: Nominal GDP measures the:
A) Inflation-adjusted value of
Q16: The economy of the United States is
Q17: GDP can be found by:
A) Adding the
Q18: Real GDP is a more accurate measure
Q19: The output of cell phones can be
Q20: The value of output produced in the
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