Real Output in an Economy May Be Expressed as the Ratio

question 142

Multiple Choice

Real output in an economy may be expressed as the ratio of _____________.

• A) GDP to real output
• B) real output to GDP
• C) price level to GDP
• D) GDP to price level

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Definitions:

Poorest Quintile

The segment of the population that falls in the bottom 20% in terms of income distribution.

Income

Income is the money received, especially on a regular basis, for work or through investments.

Classified As Poor

A designation for individuals or households whose income falls below the poverty line, making it difficult to meet basic life needs.

Money Income

The total amount of money earned or received by a person or household before taxes and deductions, from all sources.