How are final goods and services valued when measuring nominal GDP?
A) At producer cost
B) At factor market prices
C) At foreign exchange parity
D) At current market prices
E) At base-year prices

Question

Quizplus · Accepted Answer

Nominal GDP is measured using the current market prices of all final goods and services produced within a country during a specific time period, without adjusting for inflation.

How Are Final Goods and Services Valued When Measuring Nominal