To measure economic growth one would compute a percentage change in (A) nominal

Question

To measure economic growth one would compute a percentage change in (A) nominal GDP for both years (B) real GDP for both years (C) nominal GDP for one year and real GDP for the next year (D) real GPD for two years To measure economic growth one would compute a percentage change in (A) nominal GDP for both years (B) real GDP for both years (C) nominal GDP for one year and real GDP for the next year (D) real GPD for two years (A) nominal GDP for both years (B) real GDP for both years (C) nominal GDP for one year and real GDP for the next year (D) real GPD for two years

Explanation / Answer

Solution: real GPD for two years

Explanation: To compute economic growth one would compute a percentage change in rate of a country's GDP from one period to another. Real GDP = GDP / (1 + Inflation since base year)

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.