Question

What do you call the table that shows annual compound rates of growth between selected periods of time.

A) quality of life

B) growth triangle

C) real GDP

D) standard of living

Answer 1

Option C) real GDP

GDP stands for gross domestic product. It is called real because it is referred to constant values to a selected time (to delete the effect of inflation and try to measure the real production and not the effect of inflation on the values)