1. GDP measures the value of the economys output at current prices and is a variable. a....

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1. GDP measures the value of the economy’s output at current prices and is a variable.

a. Nominal, stock

b. Nominal, flow

c. Real, stock

d. Real, flow

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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