Real GDP measures
A)the annual growth rate of real national income.
B)the constant- dollar value of the potential output of the nation's economy over the period of one year.
C)the fluctuations of national income around its long- term trend.
D)the quantity of total output produced by the nation's economy over the period of one year.
E)the long- term trend in total output produced by the nation's economy.

Question

Quizplus · Accepted Answer

Real GDP measures the quantity of total output produced by the nation's economy over the period of one year, after adjusting for inflation.

Real GDP Measures