When Studying Changes in the Economy Over Time,economists Want a Measure

question 37

Multiple Choice

When studying changes in the economy over time,economists want a measure of the total quantity of goods and services the economy is producing that is not affected by changes in the prices of those goods and services.In other words,economists want to study

• A)nominal GDP.
• B)real GDP.
• C)the GDP deflator.
• D)GNP.

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Definitions:

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.

Impractical to Manipulate

A description of situations or variables that are difficult or unethical to control or alter for the purpose of scientific study.

Descriptive/Correlational Method

Research strategies for observing and describing the behavior of a subject without influencing it, and determining the relationship between variables.

Research Question

A specific, focused question that guides a scientific study or investigation.