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Nominal GDP Is Output Measured in ________ Prices While Real

question 18

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Nominal GDP is output measured in ________ prices while real GDP is output measured in ________ prices.


Definitions:

Construct Validity

The extent to which a test measures what it claims, or purports, to be measuring.

Content Validity

The extent to which a test measures all aspects of the concept or construct it is intended to assess.

Internal Consistency Validity

A measure of whether items on a test are all assessing the same construct.

Interrater

An assessment of the degree to which different raters or observers give consistent estimates or judgments of the same phenomenon.

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