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Author Question: Real GDP is gross domestic product measured (Read 88 times)

newbem

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Question 1

Nominal GDP is gross domestic product measured


◦ in the prices of a base year.
◦ in current dollars.
◦ at a constant output level but at the base-year prices.
◦ as the difference between the current year's GDP and last year's GDP.

Question 2

Real GDP is gross domestic product measured


◦ at a constant output level but at current prices.
◦ in current dollars.
◦ in the prices of a base year.
◦ as the difference between the current year's GDP and last year's GDP.


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Marked as best answer by newbem on Apr 19, 2019

yuyiding

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newbem

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Excellent



yuyiding

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Great! Please up vote :D



 

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