Determine whether each description refers to nominal gross domestic product (GDP) or real GDP. A measure of an economy's output using current prices. real GDP nominal GDP A measure of an economy's...


Determine whether each description refers to nominal gross domestic product (GDP) or real GDP.


A measure of an economy's output using current prices.


real GDP



nominal GDP






A measure of an economy's output using constant prices.


real GDP



nominal GDP






A measure of output that is adjusted for inflation.


nominal GDP



real GDP






A measure of output that is not adjusted for inflation.


nominal GDP



real GDP






Jun 08, 2022
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