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Real GDP Is

Question 178

Multiple Choice

Real GDP is


A) the value of total production when the unemployment rate is 6 percent.
B) the value of total production of all the nation's farms, factories, shops and offices measured at the prices of the year it was produced.
C) the value of total production of all the nation's farms, factories, shops and offices measured in the prices of a single year.
D) an increase in the average level of prices.

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