Real GDP Is a Better Measure of Economic Development Than

Multiple Choice

Real GDP is a better measure of economic development than nominal GDP because

A) nominal GDP includes only tangible goods,while real GDP also includes
Intangible output such as consulting services
B) nominal GDP is what could be produced if production were perfectly efficient,whereas real GDP is a measure of what is actually produced
C) real GDP includes foreign production by US firms,but nominal GDP doesn't
D) nominal GDP rises with inflation,but real GDP doesn't
E) nominal GDP double-counts intermediate goods,while real GDP counts
Only final goods