The Difference Between Nominal GDP and Real GDP Is That

question 79

Multiple Choice

The difference between nominal GDP and real GDP is that:

• A)real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.
• B)nominal GDP adjusts the value of goods for changes in the price level and real GDP does not.
• C)real GDP accounts for foreign production in the a country and nominal GDP does not.
• D)nominal GDP accounts for foreign production in the a country and real GDP does not.

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