In Evaluating an Economy's Performance Over a Period of Years,real

question 129

Multiple Choice

In evaluating an economy's performance over a period of years,real GDP provides a better measuring rod than GDP because

• A)GDP is distorted by its failure to show qualitative improvements in the products we manufacture.
• B)real GDP is adjusted for the social and environmental costs of production,which are normally not compensated.
• C)real GDP includes such productive endeavors as housewife services and home repairs that are performed by households without payment.
• D)GDP reflects changes in prices as well as changes in output.

---

Definitions:

Distinctive Design

A unique visual appearance or style of an object, product, or brand that distinguishes it from others in the market.

Trademark Act

Legislation that governs the registration, protection, and enforcement of trademarks, ensuring that brands and logos can be exclusively used by their owners.

Trade Secrets

Confidential business information that provides an enterprise with a competitive edge, and is therefore protected from disclosure.

Breach of Confidence

The unauthorized use or disclosure of confidential information that has been communicated in confidence.