Real GDP is another term for
A)current dollar GDP.
B)actual GDP.
C)constant dollar GDP.
D)tangible GDP.

Question

Quizplus · Accepted Answer

Real GDP refers to constant dollar GDP, which is adjusted for inflation. This allows for a more accurate comparison of economic growth over time. Current dollar GDP (choice A) refers to the nominal value of GDP, which does not take into account changes in prices. Actual GDP (choice B) is not a commonly used term, and tangible GDP (choice D) is not a correct term.

Real GDP Is Another Term for