Absolute real economic growth is an increase in __________ from one period to the next.
A) GDP
B) Real GDP
C) per-capita Real GDP
D) per-capita GDP
E) none of the above

Question

Quizplus · Accepted Answer

Absolute real economic growth specifically refers to an increase in real GDP, which takes into account changes in prices over time. While per-capita Real GDP and per-capita GDP are both useful measures of economic well-being, they focus on changes in output per person rather than overall output. "None of the above" is not correct, as at least one option (B) does refer to a measure of economic growth.

Absolute Real Economic Growth Is an Increase in __________ from One