Significant problems with measuring real GDP and the price level include
A)changes in the importance of intermediate goods.
B)changes in the population size.
C)purchases of used goods.
D)changes in the quality of goods over time.
E)changes in the size of the government.

Question

Quizplus · Accepted Answer

Changes in the quality of goods over time can affect the measurement of real GDP and the price level, as improvements in quality may not be fully captured, leading to inaccuracies in reflecting true economic growth and inflation.

Significant Problems with Measuring Real GDP and the Price Level