The value of currently produced final goods and services measured in current year prices is called:
A)real GDP.
B)nominal GDP.
C)imputed values.
D)inflation.

Name: The value of currently produced final goods and services measured in current year prices is called: A)real GDP. B)nominal GDP. C)imputed values. D)inflation.
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Question

Quizplus · Accepted Answer

Nominal GDP is measured using current year prices of final goods and services, and does not take into account inflation or changes in the purchasing power of a currency.

The Value of Currently Produced Final Goods and Services Measured