Even Though It Is Not a Perfect Measure, Economists Can

Multiple Choice

Even though it is not a perfect measure, economists can use real GDP to
i. compare how standards of living in China have changed over the past 10 years.
ii. look at the length of recessions and expansions in Australia.
iii. compare the standard of living in China versus the standard of living in Vietnam.

A) i and ii
B) ii only
C) i, ii and iii
D) ii and iii
E) i and iii