The difference between nominal GDP and real GDP is that real GDP eliminates the effects from
A) inflation.
B) changes in productivity.
C) depreciation.
D) the unemployment rate.

Question

Quizplus · Accepted Answer

Nominal GDP is the total value of goods and services produced in a country, measured at current market prices. Real GDP, on the other hand, is an inflation-adjusted measure of a country's economic output. By eliminating the effects of inflation, real GDP allows for a more accurate comparison of economic growth from one year to the next.

The Difference Between Nominal GDP and Real GDP Is That