Which of the following best describes real GDP?
A) Real GDP evaluates, at current prices, all goods and services produced in a base year.
B) Real GDP evaluates, at base-year prices, all goods and services produced in the current year.
C) Real GDP evaluates, at current prices, a current-year basket of goods and services.
D) Real GDP evaluates, at current prices, a base-year basket of goods and services.
Correct Answer:
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