Which of the following is a true measure of national output?
A)GNP at market price
B)Nominal GNP
C)GDP in future dollars
D)GDP using base-year prices

Question

Quizplus · Accepted Answer

GDP using base-year prices is the best choice as it measures the value of goods and services produced within a country's borders using a constant set of prices, allowing for accurate comparison of output over time. GNP at market price and nominal GNP both include income earned by a country's citizens abroad, which may not accurately reflect domestic production. GDP in future dollars is not a reliable measure as it requires assumptions about inflation rates and future economic conditions.

Which of the Following Is a True Measure of National