Categories
Economics Macroeconomics

Nominal GDP is GDP in a given year

QUESTION

Nominal GDP is GDP in a given year

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

ANSWER

The correct option is 3. valued in the prices of that year.

By Muhammed Cetin

A full-stack web developer with 15 years of experience and an Industrial Engineering student at Middle East Technical University.