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szehim2009 szehim2009
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A year ago
Which of the following statements correctly highlights a difference between real GDP and nominal GDP?

▸ Real GDP includes the value of goods and services produced by foreign firms, while nominal GDP does not include the value of goods and services produced by foreign firms.

▸ Real GDP includes the value of goods and services produced by domestic firms in foreign countries, while nominal GDP does not include the value of goods and services produced by domestic firms in foreign countries.

▸ Real GDP does not take into account the value of goods and services provided, while nominal GDP takes these into account.

▸ Real GDP strips out the effect of changing prices on the value of goods and services produced, while nominal GDP does not strip out the effect of changing prices on the value of goods and services produced.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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eggr0lleggr0ll
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A year ago
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szehim2009 Author
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A year ago
Thanks
halyna
wrote...

Yesterday
Helped a lot
yen
wrote...

2 hours ago
Good timing, thanks!
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