The Major Difference Between Nominal GDP and Real GDP Is

question 205

Multiple Choice

The major difference between nominal GDP and real GDP is that

• A)real GDP is the absolute value of goods and services and nominal GDP is a relative value.
• B)real GDP refers to products made in the United States and nominal GDP refers to both exports and imports.
• C)nominal GDP is the market value and real GDP has been adjusted for inflation.
• D)real GDP is a relative value and nominal GDP is an absolute value.

---

Definitions:

Music Download Services

Online platforms that allow users to purchase and download digital audio files such as songs and albums.

University Students

Individuals enrolled in higher education institutions to pursue academic degrees or professional qualifications.

Spam Blocker

A software tool or system designed to detect and prevent unsolicited or unwanted emails from reaching a user's inbox.

Spam Emails

Unwanted, unsolicited digital messages often sent in bulk to a large list of recipients.