Which of these is the most ideal measure of aggregate output?
A) disposable income
B) nominal GDP
C) personal income
D) real GDP
E) gross national product

Question

Quizplus · Accepted Answer

Real GDP is the most ideal measure of aggregate output as it takes into consideration the effects of inflation and gives a more accurate representation of the actual output of an economy. Disposable income, nominal GDP, personal income, and gross national product are all relevant measures in specific contexts, but they do not provide as comprehensive a view of the overall output of an economy as real GDP does.

Which of These Is the Most Ideal Measure of Aggregate