Multiple Choice
Economists do not use actual values of real GDP to measure economic growth because
A) real GDP holds price level constant, but in reality price level changes from year to year.
B) changes in real GDP could be due to fluctuations in the level of economic activity.
C) economic growth encompasses more than just growth in output.
D) changes in real GDP do not provide any information about income distribution.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Suppose a country's potential level of real
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Q5: Which of the following statements is true?<br>I.
Q6: Which of the following occurred during the
Q7: If the rate of growth of output
Q9: Real GDP tends to fluctuate around potential
Q10: Holding all else constant, a country's standard
Q11: Use the following to answer questions.<br>Exhibit: Aggregate
Q12: During the industrial revolution, the United States
Q13: Define economic growth. Why is it described