Real GDP is used most effectively to:
A. Measure how much income households receive.
B. Measure how much output can be consumed on a sustainable basis.
C. Make international comparisons of the standard of living.
D. Analyze the growth rate of the economy over time.
Answer:D
Real GDP is used most effectively to:
A. Measure how much income households receive. B. Measure how much output can be consumed on a sustainable basis. C. Make international comparisons of the standard of living. D. Analyze the growth rate of the economy over time.