In the equation $\vec { M } + \vec { v } = \vec { P } + \vec { Y } _ { R }$ ,what does $\vec { Y } _ { R }$ stand for?
A) real GDP
B) nominal GDP
C) growth in real GDP growth
D) growth in nominal GDP growth

Question

Quizplus · Accepted Answer

In the given equation, $\vec { Y } _ { R }$ represents real GDP, which is the measure of the value of economic output adjusted for price changes (inflation or deflation).

In the Equation M⃗+v⃗=P⃗+Y⃗R\vec { M } + \vec { v } = \vec { P } + \vec { Y } _ { R }M+v=P+YR​

In the Equation $\vec { M } + \vec { v } = \vec { P } + \vec { Y } _ { R }$