Nominal GDP means that the value of all goods and services is measured in ________ prices.
A) average
B) last year's
C) the base year's
D) current
E) constant

Name: Nominal GDP means that the value of all goods and services is measured in ________ prices. A) average B) last year's C) the base year's D) current E) constant
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Question

Quizplus · Accepted Answer

Nominal GDP is measured using the current prices of goods and services in the economy, reflecting the prices at which transactions actually occur within the reporting period.

Nominal GDP Means That the Value of All Goods and Services