Real GDP Means GDP

question 106

Multiple Choice

Real GDP means GDP:

• A) valued at prices in a base year.
• B) that does not change from year to year.
• C) corrected for changes in quality.
• D) valued at prices at which goods are actually sold.

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Definitions:

Flexion

A movement that decreases the angle between two body parts, such as bending a limb at a joint.

Extension

The act of increasing the length, duration, or scope of something beyond the original limit.

Pronation

The inward roll of the foot during normal motion, or the rotational movement of the forearm that turns the palm downward.

Supination

The outward rotation of the forearm or foot, such that the palm or sole faces upwards or forwards.