Nominal GDP is adjusted for price changes through the use of
A)the Consumer Price Index (CPI).
B)the Producer Price Index (PPI).
C)the GDP price index.
D)exchange rates.

Name: Nominal GDP is adjusted for price changes through the use of A)the Consumer Price Index (CPI). B)the Producer Price Index (PPI). C)the GDP price index. D)exchange rates.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

The GDP price index, also known as the GDP deflator, is used to adjust nominal GDP for changes in price levels to calculate real GDP.

Nominal GDP Is Adjusted for Price Changes Through the Use