Real gross domestic product (GDP)is measured in terms of _____.
A)current-year prices
B)base-year prices
C)foreign currencies
D)the quality of goods produced
E)hours of employment

Name: Real gross domestic product (GDP)is measured in terms of _____. A)current-year prices B)base-year prices C)foreign currencies D)the quality of goods produced E)hours of employment
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Question

Quizplus · Accepted Answer

Real GDP is calculated using base-year prices in order to remove the effect of inflation on economic growth.

Real Gross Domestic Product (GDP)is Measured in Terms of _____