The total value of goods and services produced within a nation's borders,measured in constant prices refers to:
A) Nominal GDP.
B) Real inflation.
C) Per capita GDP.
D) Real GDP.

Question

Quizplus · Accepted Answer

Real GDP is adjusted for inflation to provide a more accurate measurement of economic growth over time. It takes into account changes in the price level and measures the value of goods and services based on a constant set of prices.

The Total Value of Goods and Services Produced Within a Nation's