Real gross domestic product
A)is a measure of inflation.
B)will increase if the price level increases.
C)will increase if the level of output increases.
D)can change from one year to the next even if there is no change in output.

Question

Quizplus · Accepted Answer

Real GDP measures the value of economic output adjusted for price changes (inflation or deflation). It increases when the actual level of output (goods and services produced) increases.

Real Gross Domestic Product