Which of the Following Statements Is True

question 94

Multiple Choice

Which of the following statements is true?

• A)Measuring economic growth as the rate of increase in actual real GDP is a valid measure.
• B)Measuring economic growth as the rate of increase in actual real GDP lead to an inaccurate measure of economic growth.
• C)Economic growth must be measured in nominal terms converted to real values each year.
• D)Economic growth must be measured in real GDP terms and converted to nominal terms each year.

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Definitions:

Infantile Amnesia

The inability of adults to recall memories from early childhood, typically before the age of 3 or 4.

Prefrontal Lobes

The anterior part of the frontal lobes of the brain, implicated in a variety of complex behaviors including planning, decision making, and moderating social behavior.

Elaboration

The addition of more detail, explanation, or information to a concept, idea, or proposal.

Automaticity

The ability to perform tasks without occupying the mind with the low-level details, achieved through repetition and practice.