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The Difference Between Nominal and Real GDP Is Which of the Following

Question 49

Multiple Choice

The difference between nominal and real GDP is which of the following?


A) Real GDP has been adjusted for price changes.
B) Nominal GDP refers to last year's GDP, whereas real GDP is for the current fiscal year.
C) Real GDP is adjusted for depreciation whereas nominal GDP is not.
D) Nominal GDP has been adjusted for price changes.

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