If You Wanted to Compare the Quantity of Output of a Country

question 153

Multiple Choice

If you wanted to compare the quantity of output of a country across time periods, which of the following would you use?

• A) the consumer price index
• B) nominal GDP
• C) the GDP deflator
• D) real GDP

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Definitions:

Revenue

The total income generated from normal business operations and other activities over a specific period of time.

Items Sold

The total quantity of products or services sold by a business within a specific period.

Razor-And-Razor-Blade

A business model that sells a primary product at a low price (or gives it away) to drive the sales of related consumable products.

Disposable Unit

An item or component meant for a single use or limited time period before being discarded or replaced.