Real GDP Is

Multiple Choice

Real GDP is

A) an increase in the average level of prices.
B) the value of total production when the unemployment rate is 6 percent.
C) the value of total production of all the nation's farms, factories, shops and offices measured in the prices of a single year.
D) the value of total production of all the nation's farms, factories, shops and offices measured at the prices of the year it was produced.