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The difference between nominal or "money" GDP and "real" GDP is that

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The difference between nominal or "money" GDP and "real" GDP is that

The difference between nominal or "money" GDP and "real" GDP is that
A) real GDP measures the output of goods and services, while money GDP records financial transactions.
B) real GDP is adjusted for changes in the price level, while money GDP is not.
C) money GDP considers goods and services, while real GDP considers only goods.
D) real GDP deducts taxes, while money GDP does not.
E) real GDP must be measured in units of output, while money GDP is measured in dollars or other currency units.

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Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

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