A-LevelEconomicsMacroeconomic IndicatorsMay/June 2018Paper 3 Q211 Mark
Growth rates can be calculated using changes in the value of GDP from year to year. Why is real GDP per head considered to be a better indicator than nominal GDP per head for this calculation? A Real GDP adjusts for price changes by using a base year. B Real GDP ignores the effects of fluctuations in exchange rates on purchasing power. C Real GDP includes changes in the size of the population. D Real GDP measures GDP at factor cost rather than market prices.
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