Which of the following is a t measure of national output?
A) GDP at market price
B) Nominal GDP
C) GDP in current dollars
D) GDP in constant dollars

Question

Quizplus · Accepted Answer

GDP in constant dollars is the most appropriate measure of national output as it adjusts for inflation and provides a more accurate picture of real economic growth over time. GDP at market price, nominal GDP, and GDP in current dollars do not account for changes in purchasing power due to inflation, making them less reliable indicators of actual economic activity.

Which of the Following Is a T Measure of National