Real GDP Refers to

question 93

Multiple Choice

Real GDP refers to

• A) the value of the domestic output after adjustments have been made for environmental pollution and changes in the distribution of income.
• B) GDP data that embody changes in the price level but not changes in physical output.
• C) GDP data that do not reflect changes in both physical output and the price level.
• D) GDP data that have been adjusted for changes in the price level.

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Definitions:

Reinvest

To allocate earnings or profits back into a business, venture, or asset to potentially achieve further growth or gains.

Domestic Corporation

A corporation located in the state in which it is incorporated.

Incorporated

A legal status indicating that a company has been registered under corporate laws and is recognized as a distinct legal entity separate from its owners.

Principal Place Of Business

The primary location where a business's executive offices and operations are conducted.