How Does Real GDP Change Over Time

question 119

Multiple Choice

How does real GDP change over time?

• A) It moves in the same direction as unemployment.
• B) It moves in the same direction as inflation.
• C) It has a long-term upward trend.
• D) It is approximately constant because it is measured in constant dollars.

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Definitions:

President Clinton

The 42nd President of the United States, William Jefferson Clinton, who served from 1993 to 2001, associated with numerous policies on economy, health, and international relations.

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A written pronouncement issued by the President of the United States upon signing a bill into law, which may outline his interpretation of the legislation or how it should be enforced.

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A body of advisors to the president or head of state, composed of the heads of the executive departments of the government.