Which of the Following Measures the Growth Rate of an Economy

question 113

Multiple Choice

Which of the following measures the growth rate of an economy?

• A)The percentage change in real GDP from one period to another.
• B)Investment as a percentage of GDP.
• C)Real GDP divided by nominal GDP.

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Definitions:

Eighth Unit

A term that could refer to the unit in a sequence or series, specifically the one that comes eighth in order.

Output

The total amount of goods or services produced by a company, sector, or economy over a specific period.

Price

The amount of money expected, required, or given in payment for something.

Marginal Revenue

The additional income that a firm receives from selling one more unit of a good or service.