Multiple Choice
Real GDP is
A) the value of total production of all the nationʹs farms, factories, shops and offices measured in the prices of a single year.
B) an increase in the average level of prices.
C) the value of total production when the unemployment rate is 6 percent.
D) the value of total production of all the nationʹs farms, factories, shops and offices measured at the prices of the year it was produced.
Correct Answer:
Verified
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