Real GDP is the value of final goods and services produced in a year
A)expressed in the prices of a base year.
B)minus depreciation.
C)during a recession.
D)minus the value of all the intermediate goods produced.
E)expressed in the prices of that same year.

Question

Quizplus · Accepted Answer

Real GDP is adjusted for inflation and expressed in the prices of a base year to provide a more accurate reflection of an economy's size and how it's growing over time.

Real GDP Is the Value of Final Goods and Services