Real GDP is measured in _____ prices ____ time.
A) current; at a point in
B) current; per unit of
C) constant; at a point in
D) constant; per unit of

Question

Quizplus · Accepted Answer

Real GDP is adjusted for inflation by measuring it in constant prices (prices from a particular base year) and per unit of time (usually a year). This allows for a more accurate comparison of GDP over time, as it removes the effects of inflation.

Real GDP Is Measured in _____ Prices ____ Time

Real GDP Is Measured in _ Prices Time