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Real GDP is a better measure of economic well-being than nominal GDP because real GDP: A.excludes the value of goods and services exported abroad. B.includes
Real GDP is a better measure of economic well-being than nominal GDP because real GDP:
- A.excludes the value of goods and services exported abroad.
- B.includes the value of government transfer payments.
- C.measures changes in the quantity of goods and services produced by holding prices constant.
- D.adjusts the value of goods and services produced for changes in the foreign exchange rate.
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Commerce And Coalitions How Trade Affects Domestic Political Alignments
Authors: Ronald Rogowski
1st Edition
0691219435, 9780691219431
