Money GDP measures the value of production:
A) adjusted for inflation.
B) relative to potential output.
C) relative to the output of other nations.
D) in terms of prices at the time of production.

Question

Quizplus · Accepted Answer

Money GDP, also known as nominal GDP, measures the value of all finished goods and services produced within a country's borders in a specific time period using current prices, without adjusting for inflation.

Money GDP Measures the Value of Production