Real GDP Is More Accurate Than Nominal GDP in Making

question 69

Multiple Choice

Real GDP is more accurate than nominal GDP in making comparisons of output over time because

• A)Nominal GDP can increase simply because of price increases over time.
• B)Real GDP is not affected by output changes.
• C)Nominal GDP is the hypothetical output that would be produced at full employment.
• D)Real GDP is not affected by changes in productivity or the size of the labor force.

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