Nominal GDP is: A. GDP adjusted for inflation B. GDP measured in current prices C. GDP adjusted for population size D. GDP measured in constan
Question
Solution 1
Nominal GDP is B. GDP measured in current prices.
Here's why:
Nominal GDP refers to the economic output of a country, but it doesn't account for inflation. It's calculated using the current market prices for goods and services produced. This is why it's also known as "current dollar GDP" or "cha Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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