In 2015, the level of U.S. real GDP was more than four times its 1965 level.
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Q56: The overall effect of accounting for purchases
Q57: Real GDP evaluates current production using prices
Q58: If total spending rises from one year
Q59: If exports are $500, GDP is $8000,
Q60: Nominal GDP uses constant base-year prices to
Q62: GDP does not make adjustments for leisure
Q63: GDP is a good measure of economic
Q64: Economists use the term inflation to describe
Q65: GDP is a useful measure since it
Q66: The GDP deflator can be used to
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