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Gross Domestic Product that is adjusted for price changes is called _____.

a. nominal Gross Domestic Product
b. real Gross Domestic
c. Product inflation

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User Lunar
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Answer: b. real Gross Domestic

Explanation:

Real Gross Domestic Product is known to be used in calculating the economic output or growth of a country in a year by measuring the value of all finished goods and services. Furthermore, it is referred to as inflation-adjusted Gross Domestic Product. Thus, the price level of goods and services is evaluated which makes it to be adjusted for price changes during inflation.

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User Jason Morrison
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