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:

Deposition

A pretrial sworn and recorded testimony of a witness that is acquired out of court with no judge present.

Court Reporter

A professional responsible for creating verbatim transcriptions of legal proceedings, trials, and other legal events.

Alternative Dispute Resolution

A process to resolve disputes outside of court, including arbitration and mediation.

Mediation

A process where a neutral third party helps disputing parties reach a voluntary, negotiated agreement.