Even Though It Is Not a Perfect Measure, Economists Can

question 225

Multiple Choice

Even though it is not a perfect measure, economists can use real GDP to i) compare how the value of the goods and services produced in China have changed over the past 10 years.
Ii) look at the length of recessions and expansions in the United States.
Iii) to compare the standard of living in China versus the standard of living in Vietnam.

• A)ii only.
• B)i, ii and iii
• C)i and iii
• D)i and ii
• E)ii and iii

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