What is the best way to measure the rate of economics growth?a. By the annual percentage change in nominalGDPO b. By the annual percentage change in nominalGDP per capitaO c.O d.By the annual percentage change in real GDPBy the annual percentage change in real GNPper capitaOe. None of the above

Economic growth is the gradual rise in a country's output of goods and services over time. Inflation…

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What is the best way to measure the rate of economics growth? O a. By the annual percentage change in nominal GDP

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 2P

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Question

What is the best way to measure the rate of economics growth?
a. By the annual percentage change in nominal
GDP
O b. By the annual percentage change in nominal
GDP per capita
O c.
O d.
By the annual percentage change in real GDP
By the annual percentage change in real GNP
per capita
Oe. None of the above

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