Which of the Following Is Always Measured in Prices from a Base-Year

question 49

Multiple Choice

Which of the following is always measured in prices from a base-year?

• A)both nominal and real GDP.
• B)nominal but not real GDP.
• C)real but not nominal GDP.
• D)neither nominal nor real GDP.

---

Definitions:

Design Thinking

A problem-solving approach that involves empathy, creativity, and rationality to meet user needs and solve complex problems.

Existing Product

A product that has already been introduced to the market and is available for purchase.

New-product Development

The process of designing, creating, and bringing a new product to market to meet consumer demand or exploit a new opportunity.

Generate Sales

The act of creating revenue through the selling of goods or services to customers.