Multiple Choice
Which of the following creates difficulties in making comparisons of real GDP across nations?
A) Each nation has a different population.
B) Nations produce different goods and services.
C) Relative prices differ sharply across countries.
D) Nations often have different languages.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: In making accurate comparisons of GDP across
Q22: All of the following encourage increases in
Q23: If an economy grows at 6 percent
Q24: If the growth rate for GDP was
Q25: Why is it difficult to make accurate
Q27: Using the rule of 70, if the
Q28: Capital stock will increase as long as<br>A)
Q29: In a simple economy (without government or
Q30: Explain the economic concept of convergence.
Q31: If the growth rate for GDP was