The measure of GDP that has NOT been adjusted for changes in prices is called:
A) annual GDP
B) nominal GDP
C) real GDP
D) aggregate GDP

Name: The measure of GDP that has NOT been adjusted for changes in prices is called: A) annual GDP B) nominal GDP C) real GDP D) aggregate GDP
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Question

Quizplus · Accepted Answer

Nominal GDP is not adjusted for changes in prices and reflects the current market value of goods and services produced in a given year. It does not take into account any inflation or deflation that may have occurred.

The Measure of GDP That Has NOT Been Adjusted for Changes