Multiple Choice
The growth rate of real GDP equals
A) [(employment in the current year - employment in previous year) /employment in previous year] × 100.
B) [(real GDP in current year - real GDP in previous year) ÷ real GDP in previous year] × 100.
C) [(real GDP in previous year - real GDP in current year) ÷ real GDP in previous year] × 100.
D) [(real GDP in current year - real GDP in previous year) ÷ real GDP in current year] × 100.
E) (real GDP in current year - real GDP in previous year) × 100.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: The following government policies will help achieve
Q13: Governments should promote education because education contributes
Q15: One of the possible roles governments can
Q16: Property rights protect<br>A)only the rights to physical
Q18: Diminishing returns along a production function means
Q19: Diminishing returns means that<br>A)each additional unit of
Q20: A firm's demand for labor depends on
Q21: 8 Numeric and Graphing Questions<br>
Q21: U.S.real GDP in 2007 was $13.25 trillion
Q22: Economic growth in Cuba has been slow;what