Real dollar values are the dollar values of goods and services at their current market prices.Question 17Select one:TrueFalse

The statement "Real dollar values are the dollar values of goods and services at their current market prices" is False.

Explanation:

Real dollar values refer to the value of money that has been adjusted for inflation. Essentially, they express the purchasing power of money in terms of the quantity of goods and services that can be bought. In contrast, nominal dollar values are the actual dollar amounts at current market prices, without adjustments for inflation or changes in purchasing power. Thus, the correct characterization for real dollar values is that they reflect the value accounting for inflation, typically expressed in terms of a base year, rather than the present market prices.