Page 26 - Macroeconomics. book docx_Neat

A. Measures production

B. Uses market prices

C. Ignores income distribution

D. Includes final goods

Answer: C

15. Which activity is NOT included in GDP?

A. Household unpaid work

B. Government services

C. Business investment

D. Exported goods

Answer: A

16. Economic growth is measured by changes in:

A. Nominal GDP

B. Real GDP

C. Population

D. Prices

Answer: B

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