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    Principles of Economics Study Set 1
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    Exam 17: Measuring Economic Activity: GDP and Unemployment
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    A Measure of GDP in Which Quantities Produced Are Valued
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A Measure of GDP in Which Quantities Produced Are Valued

Question 43

Question 43

Multiple Choice

A measure of GDP in which quantities produced are valued at current-year prices is called:


A) real GDP.
B) nominal GDP.
C) base GDP.
D) physical GDP.

Correct Answer:

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