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11. Gross Domestic Product (GDP) and Consumer Price Index (CPI)
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
11. Gross Domestic Product (GDP) and Consumer Price Index (CPI)
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10. Measuring National Output and Income / Nominal GDP and Real GDP / Problem 5
Problem 5
Why might real GDP not accurately reflect economic growth over time?
A
Because it is not adjusted for inflation.
B
Because it excludes government spending.
C
Because it includes imports as a positive component.
D
Because it does not account for changes in relative prices of goods.
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