Significant problems with measuring real GDP and the price level include
A) changes in the importance of intermediate goods.
B) purchases of used goods.
C) changes in the population size.
D) changes in the quality of goods over time.
E) changes in the size of the government.

Question

Quizplus · Accepted Answer

Changes in the quality of goods over time can affect the measurement of real GDP and the price level, as it can lead to inaccuracies in assessing the true value and cost of goods and services.

Significant Problems with Measuring Real GDP and the Price Level