The difference between nominal GDP and real GDP is that nominal GDP
A) measures the total value of all final goods and services, whereas real GDP measures the value of all goods and services, whether they are intermediate or final.
B) measures a country's production of final goods and services at current prices, whereas real GDP measures a country's production of all final goods and services at fixed historical prices.
C) is measured in dollar terms whereas real GDP is measured in terms of numbers of goods and services produced.
D) measures a country's production of final goods and services at fixed prices, whereas real GDP measures a country's production of all final goods and services at current market prices.
Correct Answer:
Verified
Q46: For an industrialized country experiencing a 3
Q47: If you want to compare real GDP