Multiple Choice
The value of real GDP in the current year equals
A) the value of current-year output in prices of the base year.
B) the value of current-year output in prices of the current year.
C) the value of base-year output in prices of the base year.
D) the value of base-year output in prices of the current year.
Correct Answer:
Verified
Correct Answer:
Verified
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