The real GDP refers to the value of final output produced in a given period,adjusted for
A)No prices.
B)Final prices.
C)Fixed prices.
D)Changing prices.

Name: The real GDP refers to the value of final output produced in a given period,adjusted for A)No prices. B)Final prices. C)Fixed prices. D)Changing prices.
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Question

Quizplus · Accepted Answer

Real GDP is adjusted for changing prices to account for inflation or deflation, providing a more accurate reflection of an economy's size and how it's growing over time.

The Real GDP Refers to the Value of Final Output