Ask Question
BusinessBusiness
1 April, 19:50

Which of the following is a measure of economic growth that is most useful for measuring changes in the overall size of an economy? a. growth in nominal GDPb. decreases in the rate of unemploymentc. increases in real GDP

+2
Answers (1)
  1. 1 April, 20:05
    0
    Option (C) is correct.

    Explanation:

    Real GDP of a particular nation indicates the exact economic growth in a nation. It measures the economic output of a nation after adjusted for all the changes occured in the price level. Real GDP is more accurate and useful in defining the economic growth of a nation as compared to the nominal GDP because real GDP takes into the effect of inflation and deflation.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is a measure of economic growth that is most useful for measuring changes in the overall size of an economy? a. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Explain what letters of the 'D. E. C. I. D. E' method stand for
Answers (1)
You wish people at work would be more honest than they usually are?
Answers (1)
ABC Software is a producer of educational software for children below the age of twelve. The company has operations in Switzerland and would like to expand its foreign operations with a new facility in China.
Answers (2)
67 people of 350 surveyed gave your company five stars. Of men, 40 out of 175 gave your company five stars. Was your company rated 5 stars more commonly among the general population or among men?
Answers (1)
Resistance is most likely to occur when the target. Multiple Choice: O experiences a shift in behavior but not attitude. O considers the request inappropriate or unreasonable. O has ambiguous feelings about the request itself.
Answers (1)
New Questions in Business
During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it increased by only 10%. Which of these conditions must have existed during the second four-year period? A. Deflation B.
Answers (2)
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.).
Answers (1)
Name and describe the four basic types of fees and cost a franchise owner must pay
Answers (1)
What is the difference between capital gain and capital loss?
Answers (1)
g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.
Answers (1)
Home » Business » Which of the following is a measure of economic growth that is most useful for measuring changes in the overall size of an economy? a. growth in nominal GDPb. decreases in the rate of unemploymentc. increases in real GDP
Sign Up Forgot Password?