Real GDP is measured in
A)current-year prices
B)base-year prices
C)nominal dollars
D)quality of goods produced
E)hours of employment

Name: Real GDP is measured in A)current-year prices B)base-year prices C)nominal dollars D)quality of goods produced E)hours of employment
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Question

Quizplus · Accepted Answer

Real GDP is measured in base-year prices, which allows for the inflation rate to be taken into account and provides a better representation of the actual economic growth.

Real GDP Is Measured in