Page 24 - Macroeconomics. book docx_Neat

C. G

D. X

Answer: C

9. Nominal GDP is measured using:

A. Base-year prices

B. Constant prices

C. Current prices

D. Average prices

Answer: C

10. Real GDP is preferred because it:

A. Includes imports

B. Adjusts for inflation

C. Increases prices

D. Ignores production

Answer: B

11. The GDP deflator is used to:

A. Measure unemployment

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