To accurately measure the growth rate of output between two years,one should use
A)gross domestic product
B)net domestic product
C)real net investment
D)real gross domestic product
E)disposable income

Question

Quizplus · Accepted Answer

Real gross domestic product (GDP) is the best choice for measuring the growth rate of output between two years as it takes into account changes in both prices and quantity of goods and services produced in an economy. This provides a more accurate measure of economic growth compared to nominal GDP, which does not adjust for changes in prices. Therefore, real GDP is a better indicator of the size and health of an economy.

To Accurately Measure the Growth Rate of Output Between Two