Multiple Choice
In determining the economy's real GDP growth rate between two time periods,
A) real national income, which is equal to nominal national income corrected for price- level changes, should be used.
B) we should ignore prices completely, in order to examine output alone.
C) potential national income should be used.
D) nominal national income should be used in comparing levels of output.
E) only the real national product from the latest time period is relevant.
Correct Answer:

Verified
Correct Answer:
Verified
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