Business, 04.04.2020 05:34 carligreen090

Determine whether each description refers to nominal gross domestic product (GDP) or real GDP.
1. A measure of an economy's output using current prices.
2. A measure of an economy's output using constant prices.
3. A measure of output that is adjusted for inflation.
4. A measure of output that is not adjusted for inflation.

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Determine whether each description refers to nominal gross domestic product (GDP) or real GDP.

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