To Accurately Measure the Growth Rate of Output Between Two

question 194

Multiple Choice

To accurately measure the growth rate of output between two years,one should use

• A)gross domestic product
• B)net domestic product
• C)real net investment
• D)real gross domestic product
• E)disposable income

---

Definitions:

Agent

A person or entity authorized to act on behalf of another, usually in a business or legal capacity, to create a legal relationship with a third party.

Agency Relationship

A legal arrangement where one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.

Undisclosed Principal

A person who is represented by an agent in a transaction but whose identity is not revealed to the third party involved in the transaction.

Breached Contract

A situation where one or more parties to a contract fail to fulfill their obligations as specified in the agreement.