Which of the following represents real GDP?
A)GDP in constant dollars
B)GDP in terms of goods
C)GDP in base year dollars
D)all of the above

Question

Quizplus · Accepted Answer

Real GDP is the measurement of the economic output of a country adjusted for inflation or deflation, so it represents GDP in constant dollars. GDP in terms of goods and GDP in base year dollars do not necessarily adjust for inflation or deflation, so they do not represent real GDP.

Which of the Following Represents Real GDP