The Value of Real GDP in the Current Year Equals

question 38

Multiple Choice

The value of real GDP in the current year equals

• A)the value of current-year output in prices of the base year.
• B)the value of current-year output in prices of the current year.
• C)the value of base-year output in prices of the base year.
• D)the value of base-year output in prices of the current year.

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Definitions:

Viral RNA

The genetic material of certain viruses, composed of ribonucleic acid (RNA), which enables them to replicate and infect host cells.

Cardiovascular System

Organ system of humans that consists of the heart and blood vessels; transports blood, nutrients, gases, and wastes; assists in the defense against disease; helps control homeostasis.

Endocrine System

A collection of glands that secrete hormones directly into the circulatory system to be carried towards distant target organs.