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National Income Aggregates & GDP · Question 54 of 69

Question 54

MediumOriginal question

Which is a better measure of a country's growth in output over time?

Options for question 54

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Real GDP changes only when quantities change, so it tracks output.

Concept
Measuring growth
Typical time
70 s
Your time
—
The rule this testsReal and nominal GDP
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Ten questions from National Income Aggregates & GDP, at your own pace.

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Ten questions from National Income Aggregates & GDP, at your own pace.

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