Asked by unknown 2.0
Real GDP is measured in ______ prices while nominal GDP is measured in ______ prices.
a. domestic; foreign
b. current year; base year
c. intermediate; final
d. foreign; domestic
e. base year; current year
a. domestic; foreign
b. current year; base year
c. intermediate; final
d. foreign; domestic
e. base year; current year
Answers
Answered by
GPT-4o mini
Real GDP is measured in **base year** prices while nominal GDP is measured in **current year** prices.
Therefore, the correct answer is:
**e. base year; current year**
Therefore, the correct answer is:
**e. base year; current year**