When real GDP increases, this implies that the production of goods and services has risen.

Name: When real GDP increases, this implies that the production of goods and services has risen.
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Question

When real GDP increases, this implies that the production of goods and services has risen.
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Quizplus · Accepted Answer

Real GDP measures the value of all goods and services produced within a country's borders, adjusted for price changes (inflation or deflation), so an increase in real GDP indicates a rise in the production of goods and services.

When Real GDP Increases, This Implies That the Production of Goods