Which of the following always uses prices and quantities from the same period?
A)both nominal and real GDP.
B)nominal GDP but not real GDP.
C)real GDP but not nominal GDP.
D)neither nominal or real GDP.

Question

Quizplus · Accepted Answer

Nominal GDP uses prices and quantities from the same period, reflecting the current market value, while real GDP adjusts for inflation by using prices from a base year.

Which of the Following Always Uses Prices and Quantities from the Same