Real GDP __________. - 8191

Solution Posted by
Solution Detail
Price: $1.25
  • From: ,
  • Posted on: Tue 17 Apr, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Real GDP __________.

A.  evaluates current production at the prices that prevailed in some specific year in the past.

B.  is not a valid measure of the economy's performance, since prices change from year to year.

C.  is a measure of the value of goods only; it excludes the value of services.

D.  evaluates current production at current prices.

 
Solution Description

Real GDP __________.