Which of the Following Statements Is True

question 100

Multiple Choice

Which of the following statements is true?

• A) Measuring economic growth as the rate of increase in actual real GDP is a valid measure.
• B) Measuring economic growth as the rate of increase in actual real GDP leads to an inaccurate measure of economic growth.
• C) Economic growth must be measured in nominal terms converted to real values each year.
• D) Economic growth must be measured in real GDP terms and converted to nominal terms each year.