Being Able to Measure the Behavior of the Economy with Statistics

question 211

Multiple Choice

Being able to measure the behavior of the economy with statistics such as GDP

• A)is useful only in the accounting sense.
• B)is all that is necessary in order for us to be able to understand macroeconomics.
• C)can be helpful in developing macroeconomic science, but is not useful for policymaking.
• D)is a crucial step toward developing the science of macroeconomics.

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Definitions:

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