The difference between non-adjusted GDP and real GDP is:
A) real output growth.
B) the price level.
C) nominal output growth.
D) long-run trend GDP.
E) average output growth.

Question

Quizplus · Accepted Answer

Non-adjusted GDP does not take into consideration changes in the price level, while real GDP accounts for changes in the price level by adjusting for inflation. Therefore, the difference between non-adjusted GDP and real GDP is the price level.

The Difference Between Non-Adjusted GDP and Real GDP Is