Does GDP for a particular year include items produced in a previous year?
A)Nominal GDP will not and real GDP will
B)Real GDP will and nominal GDP will not
C)Yes for both nominal and real GDP
D)No for both nominal and real GDP

Question

Quizplus · Accepted Answer

GDP measures the value of goods and services produced in a particular year. Therefore, it only includes items produced in that year, not items produced in previous years.

Does GDP for a Particular Year Include Items Produced in a Previous