Which of the following statements does NOT describe the real value of an economic variable?
A) It is adjusted for changes in the price level.
B) It is expressed in constant dollars.
C) It is a measure of the purchasing power of the variable.
D) It is the variable's nominal value adjusted for unemployment.

Question

Quizplus · Accepted Answer

The real value of an economic variable is adjusted for changes in the price level and is expressed in constant dollars, and measures the purchasing power of the variable. However, it is not adjusted for unemployment, so option D does not describe the real value of an economic variable.

Which of the Following Statements Does NOT Describe the Real