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National Income Aggregates & GDP · Question 47 of 69

Question 47

EasyOriginal question

Real GDP measures output at

Options for question 47

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Holding prices at base-year levels means only changes in quantities move real GDP.

Concept
Real GDP
Typical time
40 s
Your time
—
The rule this testsReal and nominal GDP
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Ten questions from National Income Aggregates & GDP, at your own pace.

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Ten questions from National Income Aggregates & GDP, at your own pace.

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