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:

Fervent Followers

Highly enthusiastic and devoted supporters or fans, often of a particular leader, cause, or ideology.

Extramarital Affair

A romantic relationship where at least one participant is married to someone else, typically considered infidelity.

Economic Growth

An increase in the production of goods and services in an economy over a period, often measured by the rise in the Gross Domestic Product (GDP).

Productively

Refers to achieving a significant amount of work or results in an efficient and effective manner.