Which of the Following Is True of Real GDP

question 41

Multiple Choice

Which of the following is true of real GDP?

• A) It measures a nation's output in terms of current year prices.
• B) It measures a nation's output in constant prices.
• C) It measures the degree of change in the general price level in an economy.
• D) It measures the change in the value of an economy's output.
• E) It measures the value of both intermediate and final goods and services produced in an economy.

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Definitions:

Global

Pertaining to or involving the entire world; worldwide in scope or application.

Behavioral Theories

A group of theories suggesting that behavior is learned through interactions with the environment, rather than being innate or inherited.

Depression

A mental disorder distinguished by a. long-lasting despondent mood or a disconnection from joy in usual engagements, critically impairing routine life.

Positive Reinforcers

A stimulus which, when presented after a behavior, increases the probability of that behavior being repeated.