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The adjective real, in the term real GDP, is used to indicate that A. it is the perfect measure of what is produced. B. this
The adjective real, in the term real GDP, is used to indicate that
- A. it is the perfect measure of what is produced.
- B. this measure of output is official as opposed to an unofficial measure.
- C. this measure of output is adjusted for the general increase in prices over time.
- D. this measure of output is adjusted for the government's economic involvement.
- E. it measures only real goods and services, not the value of those that can't be measured, such as a home-cooked meal.
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