Real GDP is GDP
A) in current-year prices.
B) in base-year prices.
C) in GDP-prices.
D) in that year's prices.

Name: Real GDP is GDP A) in current-year prices. B) in base-year prices. C) in GDP-prices. D) in that year's prices.
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Question

Quizplus · Accepted Answer

Real GDP is adjusted for inflation by using a base year's prices. This allows for accurate comparisons of GDP over time, as it factors out the effects of inflation.

Real GDP Is GDP