To measure an economy's output adjusted for changes in the price level,one would use

Question

Quizplus · Accepted Answer

Real GDP is the measure of an economy's output adjusted for changes in the price level, whereas nominal GDP is the measure of an economy's output using current prices. GDP per capita is simply GDP divided by the population, and value added measures the value of a firm's output minus the value of the intermediate inputs used in production. Therefore, the best choice would be C, real GDP.

To Measure an Economy's Output Adjusted for Changes in the Price