The Percentage Change in Real GDP from One Period to Another

question 36

Multiple Choice

The percentage change in real GDP from one period to another is called

• A)Real GDP.
• B)Nominal GDP.
• C)The growth rate.
• D)GDP per capita.

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Definitions:

Capacity Utilization

The percentage of a company's total production capacity that is currently being used.

Customer Preferences

Individual likes or dislikes influencing purchasing decisions, varying greatly among consumers.

Quantification

The process of measuring, calculating, or assigning a numerical value to something.

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society.