A Measure of GDP in Which Quantities Produced Are Valued

question 43

Multiple Choice

A measure of GDP in which quantities produced are valued at current-year prices is called:

• A)real GDP.
• B)nominal GDP.
• C)base GDP.
• D)physical GDP.

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Definitions:

CCC

Cash Conversion Cycle, a metric that shows the time span between a company's outlay of cash for materials and receiving payment from the sale of goods.

Permanent Net Operating Working Capital

The continuous investment in operating working capital that is not expected to fluctuate over the business cycle.

Seasonal

The term seasonal refers to fluctuations in demand, supply, or particular phenomena that recur with similar patterns at certain times of the year.

June 1 Dating

A payment term used in trading where the payment is due on or after June 1st.