Question: Measures current productionReal yearly growth ________ (More than one answer is correct) = (Real GDP new - Real GDP old)*100 / Nominal GDP new =

Measures current productionReal yearly growth ________ (More than one answer is correct) = (Real GDP new - Real GDP old)*100 / Nominal GDP new = (Nominal GDP new - Nominal GDP old)*100 / Nominal GDP old the rate of change in Real GDP from one year to the next the rate of change in Nominal GDP from one year to the next = (Real GDP new - Real GDP old)*100 / Real GDP new using current market prices Nominal GDP Measures current production using constant market prices Real GDP Changes in ________ reflect changes in prices and quantity produced through time Real GDP Changes in _________ only reflects changes in prices through time Nominal GDP Changes in ________ reflect changes in quantity produced through time Real GDP

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