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sgy_89 sgy_89
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The difference between real GDP and money (or nominal) GDP is that
A) money GDP does not take government taxation into account while real GDP does.
B) real GDP has been adjusted to eliminate the impact of inflation while nominal GDP has not.
C) money GDP includes government transfer payments (such as Social Security) while real GDP does not.
D) real GDP does not take government taxation into account while money GDP does.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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hecosmetichecosmetic
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sgy_89 Author
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cartoon
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Smart ... Thanks!
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