The ________ is the growth rate of GDP adjusted for inflation and change in value of the country's currency.
A) adjusted growth rate
B) gross national product
C) real growth rate
D) per capita GDP
E) real GDP

Question

Quizplus · Accepted Answer

The real growth rate is the growth rate of GDP adjusted for inflation and change in value of the country's currency. A is incorrect because there is no such thing as an "adjusted growth rate." B is incorrect because gross national product (GNP) is not the same as GDP and does not necessarily factor in inflation or currency changes. D is incorrect because per capita GDP does not take into account inflation or currency changes. E is incorrect because real GDP and GDP are the same thing, and real GDP is already adjusted for inflation and currency changes.

The ________ Is the Growth Rate of GDP Adjusted for Inflation