To calculate nominal GDP,the quantities of goods and services are valued at prices in the ________ year,but to calculate real GDP,they are valued at prices in the ________ year.
A) current;base
B) base;current
C) current;current
D) base;base
E) current;last

Question

Quizplus · Accepted Answer

In nominal GDP, the quantities of goods and services are valued at prices in the current year, while in real GDP, they are valued at prices in the base year.

To Calculate Nominal GDP,the Quantities of Goods and Services Are