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Which Statement About Nominal and Real GDP Is Incorrect

Question 11

Multiple Choice

Which statement about nominal and real GDP is incorrect?


A) Real GDP per person is a better measure of standard of living than nominal GDP per person.
B) Canadian real GDP includes products and services produced within Canada's borders, but only for Canadian-owned businesses.
C) Real GDP is measured as a flow.
D) Nominal GDP is measured as a flow.
E) If real GDP is higher this year than last year, this indicates positive economic growth.

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