Economists Do Not Use Actual Values of Real GDP to Measure

question 8

Multiple Choice

Economists do not use actual values of real GDP to measure economic growth because

• A) real GDP holds price level constant, but in reality price level changes from year to year.
• B) changes in real GDP could be due to fluctuations in the level of economic activity.
• C) economic growth encompasses more than just growth in output.
• D) changes in real GDP do not provide any information about income distribution.

Understand the significance of independent voters and their influence on election outcomes.

Distinguish between the party-in-the-electorate, party organization, and party-in-government.

Explain the concept of a party machine and its evolution over time.

Assess the factors reinforcing the two-party system and the challenges it faces.

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Personality

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