Question
Which of the following is a true statement about economic performance measurement? (1 point)
• • Price changes have little effect on GDP measurement
When nominal GDP grows, the economy is definitely improving
• Real GDP is adjusted for inflation
• Nominal GDP is more accurate than Real GDP
• • Price changes have little effect on GDP measurement
When nominal GDP grows, the economy is definitely improving
• Real GDP is adjusted for inflation
• Nominal GDP is more accurate than Real GDP
Answers
GPT 3.5
• Real GDP is adjusted for inflation