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Why is GDP measured in money terms?
A
change in real GDPoriginal real GDP×100
\frac{\text{change in real GDP}}{\text{original real GDP}} \times 100
original real GDPchange in real GDP×100
B
GDP ÷ population.
C
Goods and services have different units.
D
The economy's real output fell.
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3.1.2 Calculate economic growth using GDP Flashcards
24 flashcards on OCR GCSE Economics 3.1.2 Calculate economic growth using GDP: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.