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Real GDP is more accurate than nominal GDP in making comparisons

Resolved Question:

Real GDP is more accurate than nominal GDP in making comparisons of output over time because
A. nominal GDP can increase simply because of price increases over time
B. Real GDP is not affected by output changes
C.Nominal GDP is not the hypothetical output that would be produced at full employment
D.Real GDP is not affected by changes in productivity or size of the labor force

Which of the following is excluded from calculations of GDP?
A.Goods that are produced but not sold during the tome period
B.Income received by managers of corporations
C.The value of lawn mowing provided by a teenager for his own family
D.goods that bring little value to society
Submitted: 6 years ago.
Category: Homework
Expert:  Kathy replied 6 years ago.

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