If pressed to choose a single indicator of changing living standards,most economists would probably choose nominal GDP growth per capita.
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Q137: Real GDP is equal to nominal GDP
Q138: Nominal GDP will grow slower than real
Q139: Nominal GDP in the United States grew
Q140: Real GDP is calculated using the same
Q141: A recession is typically defined as any
Q143: An economic expansion is a period of
Q144: If pressed to choose a single indicator
Q145: A common indicator of a recession would
Q146: If pressed to choose a single indicator
Q147: Business cycles are fluctuations of real GDP
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