Nominal GDP measures this year's output at:
A) base year prices.
B) 2015 prices.
C) current prices.
D) None of these are true.

Name: Nominal GDP measures this year's output at: A) base year prices. B) 2015 prices. C) current prices. D) None of these are true.
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Question

Quizplus · Accepted Answer

Nominal GDP measures current year's output at current prices. This means that it includes the effects of inflation and price changes that have occurred since the base year.

Nominal GDP Measures This Year's Output At