Real GDP Is a Better Measure of Economic Well-Being Than

Multiple Choice

Real GDP is a better measure of economic well-being than nominal GDP, because real GDP:

A) excludes the value of goods and services exported aboard.
B) includes the value of government transfer payments.
C) measures changes in the quantity of goods and services produced by holding prices constant.
D) adjusts the value of goods and services produced for changes in the foreign exchange rate.