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What does actual growth measure?
A
The long-run rate of change in nominal GDP.
B
The short-run level of real GDP.
C
The short-run rate of change in real GDP.
D
The short-run rate of change in the price level.
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9.2.1 actual growth versus potential growth in national output Flashcards
20 flashcards on CIE Intl A Level Economics 9.2.1 actual growth versus potential growth in national output: the key terms and definitions you need to recall.