Real GDP
A)moves in the same direction as unemployment.
B)is not adjusted for inflation.
C)also measures real income.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Real GDP is adjusted for inflation, which allows for a more accurate measure of economic growth over time. Real GDP also measures the value of goods and services produced in an economy, which contributes to real income. However, it is not necessarily directly correlated with unemployment, as there are many factors that contribute to changes in employment levels.