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Which of the following is true of real GDP? a. It is the dollar value of GDP based on prices prevailing at the time of

Which of the following is true of real GDP?

a. It is the dollar value of GDP based on prices prevailing at the time of production.

b. It is the dollar value of GDP in a particular year measured in base-year prices.

c. It is an accurate indicator of economic wellbeing.

d. It is an accurate indicator of inflation.

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