To Compare the Economy's Aggregate Output in Two Different Time

question 22

Multiple Choice

To compare the economy's aggregate output in two different time periods, economists compare the

• A)nominal national income for the two periods.
• B)unemployment rates for the two periods.
• C)real national income for the two periods.
• D)potential national incomes for the two periods.
• E)inflation rates for the two periods.

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Definitions:

Competent Witness

An individual deemed legally qualified to testify in a court of law because they possess direct knowledge of the facts or matter in question.

Expert Witness

A person with specialized knowledge, skills, or experience in a particular field who is hired to testify in court to help understand complex subjects.

Credible

Deserving of trust or belief; reliable and believable.

Summarizing

The process of briefly restating the main points of a piece of writing, speech, or argument.