Nominal GDP is
A)the sum of all monetary transactions that occur in the economy in a year.
B)the sum of all monetary transactions involving final goods and services that occur in the economy in a year.
C)the amount of production that occurs when the economy is operating at full employment.
D)money GDP adjusted for inflation.

Question

Quizplus · Accepted Answer

Nominal GDP measures the total value of all final goods and services produced in an economy over a specific period, without adjusting for inflation.

Nominal GDP Is