Multiple Choice
If GDP in year 1 is the same dollar amount as the GDP in year 2,does it follow that Real GDP in year 1 is the same as Real GDP in year 2?
A) Yes,since prices must necessarily be the same in the two years.
B) No,since equal GDP figures do not account for population.
C) No,since prices may not be the same in the two years.
D) Yes,since equal GDP figures do account for a change in the quality of goods produced in the two years.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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