Tackle the Test: Multiple-Choice Questions

  1. Question

    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
    Which of the following is true of real GDP?
  2. Question

    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
    The best measure for comparing a country’s aggregate output over time is
  3. 120

    Question

    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
    Use the information provided in the table below for an economy that produces only apples and oranges. Assume year 1 is the base year.
  4. Question

    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
    Real GDP per capita is an imperfect measure of the quality of life in part because it
  5. Question

    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
    Refer to the 2013 data in the table below.