Real GDP refers to
A) the value of the domestic output after adjustments have been made for environmental pollution and changes in the distribution of income.
B) GDP data that embody changes in the price level but not changes in physical output.
C) GDP data that do not reflect changes in both physical output and the price level.
D) GDP data that have been adjusted for changes in the price level.
Correct Answer:
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Q50: Nominal GDP is adjusted for price changes
Q51: A price index is
A)a comparison of the
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Q53: National income measures
A)nominal GDP after it has
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Q56: In calculating the GDP, national income accountants
A)treat
Q57: If real GDP falls from one period
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