Which of the following does real GDP measure?
A)the total quantity of final goods and services produced
B)the dollar value of the economy's output of final goods and services
C)the total income received from producing final goods and services at current prices
D)the change in prices from the base year to current year

Question

Quizplus · Accepted Answer

Real GDP measures the total quantity of final goods and services produced within a country's borders, adjusted for inflation. It is a measure of the country's economic output over a period of time.

Which of the Following Does Real GDP Measure