Assume the GDP in Argentina increased by 28 percent in 2010.The economists would adjust the current market prices to take into account inflated values.This adjusted GDP is called which type of the nation's GDP?
A) real
B) frictional
C) interpreted
D) cyclical

Question

Quizplus · Accepted Answer

The adjusted GDP that takes into account the inflation is called Real GDP. So, the correct choice is A. The other options (B, C, and D) are not related to the adjusted GDP based on inflation.

Assume the GDP in Argentina Increased by 28 Percent in 2010.The