This Year's Nominal GDP Is This Year's Output of Final

question 41

True/False

This year's nominal GDP is this year's output of final goods and services evaluated in base year dollars.

---

Definitions:

Inconsequential

means not important or significant; having little or no importance.

Deceptive

Pertaining to or involving deceit; misleading or giving a false impression.

Convicted Criminals

Individuals who have been found guilty of committing a crime by a court of law.

Skilled Workers

Employees who have specialized training or expertise, often requiring formal education or apprenticeship, in a particular craft or profession.