Gross domestic product (GDP) that has not been adjusted to take inflation into account is called _____.
A) the GDP deflator
B) real GDP
C) nominal GDP
D) per capita GDP

Name: Gross domestic product (GDP) that has not been adjusted to take inflation into account is called _____. A) the GDP deflator B) real GDP C) nominal GDP D) per capita GDP
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Question

Quizplus · Accepted Answer

Nominal GDP refers to the gross domestic product that has not been adjusted for inflation, meaning it is measured using current prices.

Gross Domestic Product (GDP) That Has Not Been Adjusted to Take