What Prices Are Used to Compute Real GDP

question 33

Multiple Choice

What prices are used to compute real GDP?

• A) current-year prices
• B) constant prices
• C) future-year prices
• D) the ratio of current-year prices to constant prices

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Definitions:

Bacterium

A domain of single-celled, prokaryotic organisms that are often characterized by cell walls, and can be found in a vast array of environments.

Comma-Shaped

Resembling the punctuation mark comma in shape, with a curved form that narrows to a point at one end.

Vibrios

Vibrios are a genus of Gram-negative bacteria, many of which are pathogenic, causing diseases such as cholera in humans.

Protozoans

Single-celled eukaryotic organisms, often parasitic, that can cause diseases in humans and other animals.