Even though it is not a perfect measure,economists can use real GDP to
I.compare how the value of the goods and services produced in China
Have changed over the past 10 years.
Ii.look at the length of recessions and expansions in the United States.
Iii.compare the standard of living in China versus the standard of living in Vietnam.
A) ii only
B) i,ii and iii
C) i and iii
D) i and ii
E) ii and iii
Correct Answer:
Verified
Q139: Which of the following statement is correct?
A)If
Q140: Bobby was researching the economic growth of
Q141: The relationship between real GDP and potential
Q142: In the United States,between 1961 and 2011,there
Q143: During the business cycle,
A)real GDP fluctuates around
Q145: Although imperfect,which of the following is used
Q146: GDP is
A)a perfect measure of the standard
Q147: Expenditures in GDP do not include
A)used goods
Q148: Over the business cycle,
A)potential GDP fluctuates around
Q149: A south sea island produces only coconuts.In
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