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The Concept of "Real GDP" Refers To

Question 63

Multiple Choice

The concept of "real GDP" refers to:


A) the value of nominal GDP after adjustments have been made for changes in the price level.
B) the value of nominal GDP minus the environmental pollution and changes in the distribution of income.
C) the value of the current total output plus the value of intermediate goods.
D) GDP data which reflect changes in both physical output and environmental damage.

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