The inflation-adjusted value of all goods and services produced is
A)The GDP deflator.
B)Nominal GDP.
C)GDP per capita.
D)Real GDP.

Question

Quizplus · Accepted Answer

Real GDP is the inflation-adjusted value of all goods and services produced in a country. It is an important economic measure that reflects the actual growth of an economy over time. The GDP deflator, nominal GDP, and GDP per capita are related measures, but they do not adjust for inflation and do not provide as accurate a picture of economic growth as real GDP.

The Inflation-Adjusted Value of All Goods and Services Produced Is