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Economic growth is measured by the annual percentage increase in a nation's level of: inflation rate...

Economic growth is measured by the annual percentage increase in a nation's level of:

inflation rate

nominal GDP

real GDP deflator

real GDP

unemployment rate

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Answer #1

The right answer is real GDP. As economic growth is measured by the annual percentage increase in nation's level of real GDP because real GDP does not influence by the changes in price level, therefore, it is a better indicator of the economic growth.

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