Which one of the following statements is correct?
A) Real GDP and GDP are always equal in the base year.
B) GDP always exceeds real GDP in the base year.
C) 2009 real GDP will exceed 2008 GDP if 2009 production is greater than 2008 production.
D) Unlike GDP,real GDP includes estimates of voluntary and underground economic activity.
E) If deflation occurs from 2008 to 2009,then the 2009 real GDP must be greater than the 2008 GDP.
Correct Answer:
Verified
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