Real GDP
A)is the current dollar value of all goods produced by the citizens of an economy within a given time.
B)measures economic activity and income.
C)is used primarily to measure long-run trends rather than short-run fluctuations.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Real GDP measures economic activity and income by adjusting nominal GDP for inflation, providing a more accurate reflection of an economy's size and how it's growing over time.