Question

All three of the $5000 billion GDP figures (Production, Income and Spending) are in ____________ dollars.a. Unadjusted, seasonal b. Nominal, unadjusted c. Current, constant d. Inflation adjusted, real

Answer 1

The correct answer is letter "D": Inflation adjusted, real.

Step-by-step explanation:

The real value is one that has been adjusted for inflation, allowing amounts to be measured as if the market price of goods had remained the same. Moreover, real-life modifications in value omit the impact of inflation. Following this process, the real Gross Domestic Product (GDP) can be calculated.