What Does Real GDP Measure

question 49

Multiple Choice

What does real GDP measure?

• A)the constant-dollar value of the potential output of the nation's economy over the period of one year
• B)the constant-dollar value of total output produced by the nation's economy over the period of one year
• C)the fluctuations of national income around its long-term trend
• D)the annual growth rate of real national income
• E)the long-term trend in total output produced by the nation's economy

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