Nominal GDP is a. the base year market value of all final goods and services produced domestically
Question:
Nominal GDP is
a. the base year market value of all final goods and services produced domestically during a given period.
b. the current year market value of all final goods and services produced domestically during a given period.
c. usually less than real GDP.
d. the current year market value of domestic production of intermediate goods.
e. none of the above.
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