Real GDP is always measured in
A) cheaper dollars.
B) quality of goods produced.
C) base-year dollars.
D) nominal dollars.
E) current dollars.

Name: Real GDP is always measured in A) cheaper dollars. B) quality of goods produced. C) base-year dollars. D) nominal dollars. E) current dollars.
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Question

Quizplus · Accepted Answer

Real GDP is adjusted for inflation using a base year, so it is measured in constant (base-year) dollars rather than nominal or current dollars.

Real GDP Is Always Measured in