The difference between nominal GDP and real GDP is:
A. nominal GDP measures actual productivity
B. nominal GDP adjusts for inflation
C. real GDP adjusts for inflation
D. real GDP excludes imports and exports
Answer:C
The difference between nominal GDP and real GDP is:
A. nominal GDP measures actual productivity B. nominal GDP adjusts for inflation C. real GDP adjusts for inflation D. real GDP excludes imports and exports
Explanation: Type: Multiple Choice