Real GDP accurately measures both the quantity and quality of goods and services.

Name: Real GDP accurately measures both the quantity and quality of goods and services.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

Real GDP measures only the quantity of goods and services produced within a country's borders, not the quality. It does not account for factors such as improvements in technology or changes in consumer preferences that may affect the quality of products over time.

Real GDP Accurately Measures Both the Quantity and Quality of Goods