The Growth Rate of Real GDP Equals

question 121

Multiple Choice

The growth rate of real GDP equals

• A)[(real GDP in current year - real GDP in previous year)÷ real GDP in current year] × 100.
• B)[(employment in the current year - employment in previous year)/employment in previous year] × 100.
• C)(real GDP in current year - real GDP in previous year)× 100.
• D)[(real GDP in current year - real GDP in previous year)÷ real GDP in previous year] × 100.
• E)[(real GDP in previous year - real GDP in current year)÷ real GDP in previous year] × 100.

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Definitions:

Short

Typically refers to a small amount of time, a brief distance, or anything smaller than average in magnitude.

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A status or condition where something is legally defended from infringement or harm by policies, laws, or measures.

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The primary or most significant advantage or positive characteristic of something.

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