Categories
Economics Macroeconomics

Real GDP is GDP in a given year

QUESTION

Real GDP is GDP in a given year

  1. adjusted only for anticipated inflation.
  2. valued in the prices of the base year.
  3. adjusted only for unanticipated inflation.
  4. valued in the prices of that year.

ANSWER

The correct option is 2. valued in the prices of the base year.

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