Calculating real GDP growth requires
A. adjusting GDP for changes in the CPI.
B. estimating the GDP based on unadjusted price levels.
C. adjusting GDP for changes in the price level of all the items that go into GDP.
D. measuring the GDP with investment, government consumption and investment, and foreign trade.
Answer: C
Economics
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The real-world money multiplier is greater than the simple money multiplier (1/RR)
Indicate whether the statement is true or false
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Parents who do not have their children immunized and attempt to benefit from other parents who did have their own children immunized are exhibiting an economic behavior known as
A) excludability. B) public rivalry. C) internalizing an external cost. D) free riding.
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