Which of the following does real GDP measure?
A)the dollar value of all goods
B)economic activity and income
C)primarily long-run trends
D)profitability of all companies in the economy

Question

Quizplus · Accepted Answer

Real GDP measures economic activity and income, specifically the value of all goods and services produced within a country's borders adjusted for inflation. It does not reflect profitability or focus primarily on long-run trends.

Which of the Following Does Real GDP Measure