GDP in Current Dollars Is Equivalent to Which of the Following

question 8

Multiple Choice

GDP in current dollars is equivalent to which of the following?

• A) GDP in constant dollars.
• B) GDP in 2009 dollars.
• C) GDP in terms of goods.
• D) Real GDP.
• E) Nominal GDP.

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Definitions:

Cross-Sectional

A research methodology that evaluates information from a population, or a sample that accurately reflects that population, at a particular moment.

Cohort Differences

Variations in characteristics, beliefs, or behaviors among groups of people who were born during the same period or generation.

Longitudinal

A study design that follows the same subjects over a period of time to observe changes or developments.

Sequential

Pertaining to or following a logical order or a sequence where one thing comes after another in a specified order.