Question:

To compare the change in physical production (GDP) between 2000 and 2006, we should compare _____ GDP in 2000?

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To compare the change in physical production (GDP) between 2000 and 2006, we should compare _____ GDP in 2000 with _____ GDP in 2006.

A. real; real

B. real; nominal

C. nominal; nominal

D. current dollar; current dollar

E. current dollar; constant dollar

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1 ANSWERS


  1. "A" is right one. "Real" measure real changes while "Nominal" measures dynamics of GDP in current dollars.

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