1. (3 pts.) Of the following alternatives, which is the best measure of the economic satisfaction...

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Economics

1. (3 pts.) Of the following alternatives, which is the bestmeasure of the economic satisfaction of the

members of a society:

A. Nominal GDP

B. The rate of in

C. The value of corporate prots

D. Real GDP

Answer & Explanation Solved by verified expert
4.0 Ratings (451 Votes)
ANS D Real GDP This is so because the real GDP is the inflation adjusted value of the good and services produced in a country within a year This is a measure of the real factors of production and nominal    See Answer
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