Which of the following does not represent real GDP?
A) GDP in (chained) 2009 dollars.
B) GDP in current dollars.
C) GDP in constant dollars.
D) GDP adjusted for inflation.
E) GDP in terms of goods.

Question

Quizplus · Accepted Answer

Real GDP is adjusted for inflation and reflects the value of all goods and services produced by an economy in a given year, expressed in the prices of a base year. Option B, "GDP in current dollars," refers to nominal GDP, which is not adjusted for inflation and represents the economy's output based on current prices.

Which of the Following Does Not Represent Real GDP