Which of the following is a true measure of national output?
A)GDP at market price
B)Nominal GDP
C)GDP in current dollars
D)GDP in constant dollars

Question

Which of the following is a true measure of national output?
A)GDP at market price 
B)Nominal GDP 
C)GDP in current dollars 
D)GDP in constant dollars

Quizplus · Accepted Answer

GDP in constant dollars is the true measure of national output as it adjusts for inflation and provides a more accurate representation of economic growth or decline. GDP at market price, nominal GDP, and GDP in current dollars do not take into account inflation and therefore may not accurately reflect changes in national output.

Which of the Following Is a True Measure of National