Which of the Following Is Equivalent to Real GDP

question 16

Multiple Choice

Which of the following is equivalent to real GDP?

• A)the money value of all goods and services produced in an economy per year plus imports
• B)the market value of all goods and services produced in an economy per year
• C)personal disposable income plus depreciation
• D)the value added of all goods and services produced in an economy per year adjusted for price changes
• E)the nominal value of all goods and services in an economy per year

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Definitions:

Capabilities

The skills, resources, and abilities that enable an individual or organization to perform effectively and achieve their goals.

Frequent Job Changes

The practice of changing jobs more often than is typical, which can reflect a variety of career strategies or market conditions.

Employment Gaps

Periods of time when an individual was not employed, which may appear in their work history.

Relevant Experiences

Past activities or jobs that directly relate to the position or task at hand, demonstrating suitability and competence.