Which of the Following Is True of Real GDP

question 3

Multiple Choice

Which of the following is true of real GDP?

• A)It measures a nation's output in terms of current year prices.
• B)It measures a nation's output in constant year prices.
• C)It measures the degree of change in the general price level in an economy.
• D)It measures the change in the value of an economy's output.
• E)It measures the value of both intermediate and final goods and services produced in an economy.

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