Solved

Which of the Following BEST Describes Nominal GDP

Question 76

Multiple Choice

Which of the following BEST describes nominal GDP?


A) total quantity of goods and services produced by an economic system
B) total value of all goods and services produced within a given period by a national economy through domestic factors of production, measured in current dollars or with all components valued at current prices
C) total value of all goods and services produced within a given period by a national economy regardless of where the factors of production are located
D) total value of all goods and services produced within a given period by a national economy through domestic factors of production, adjusted to account for changes in currency values and price changes
E) total quantity of goods and services that are imported within a given period of time

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents