Constant dollar GDP
A)is the same as nominal GDP.
B)is nominal GDP adjusted for price changes from the base year.
C)is more than constant dollar NDP.
D)all of these.

Question

Quizplus · Accepted Answer

Constant dollar GDP is nominal GDP that has been adjusted for inflation using a price index based on a specific base year. This allows for a comparison of economic performance over time without the influence of price changes. Therefore, it is not the same as nominal GDP (A), and it is not necessarily more than constant dollar NDP (C), which is a measure of economic production that does not deduct the value of depreciation.

Constant Dollar GDP