The Measure of GDP That Has Been Adjusted for Changes

question 92

Multiple Choice

The measure of GDP that has been adjusted for changes in prices is called:

• A) annual GDP
• B) nominal GDP
• C) real GDP.
• D) aggregate GDP

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Definitions:

Payment Stream

Payment stream refers to a series of payments made over time, such as in an annuity, loan repayments, or any regular monetary transfers.

Interest Rate

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage.

Present Value

The present value of a future amount of money or a series of cash flows, discounted at a given rate of return.

Payment Streams

A series of financial transactions occurring over time, such as regular payments of interest or principal on a loan.