An indicator of growth in an economy over a period of time is the
ECONOMICS
JAMB 2011
An indicator of growth in an economy over a period of time is the
- A. GDP gap
- B. GDP at factor cost
- C. GDP at market price
- D. GDP deflator
Correct Answer: C. GDP at market price
Explanation
To see economic growth there needs to be an increase in Gross Domestic Product (GDP). This can occur through an increase in consumer spending or an increase in products produced. This is known as GDP at market price
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