To measure GDP in constant dollars, _____ must be designated.
A) a rate of population growth
B) an annual inflation rate
C) a base year for output
D) a base year for prices

Question

Quizplus · Accepted Answer

A base year for prices must be designated to measure GDP in constant dollars, as it allows for the adjustment of GDP figures to account for inflation, providing a consistent comparison over time.

To Measure GDP in Constant Dollars, _____ Must Be Designated