Per capita real GDP differs from per capita nominal GDP in that real GDP
A) measures the opportunity cost of growth.
B) has been adjusted for the time value of money.
C) has been adjusted for inflation.
D) has been discounted to the present.

Question

Quizplus · Accepted Answer

Per capita real GDP has been adjusted for inflation, while per capita nominal GDP has not. This means that real GDP reflects changes in the purchasing power of a country's currency, while nominal GDP does not.

Per Capita Real GDP Differs from Per Capita Nominal GDP