Quick practice
Question 1 of 5
Choose the correct answer:
I. Economic growth is calculated in real terms.
II. The effects of variation in the value of goods and services due to inflation distortion are also accounted for.
A
Statement (I) & (II) both are incorrect
B
Statement (I) is correct
C
Statement (I) & (II) both are correct
D
Statement (II) is correct
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