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What is the difference between nominal and real GDP? Select one: a. Nominal GDP is adjusted for depreciation; real GDP is not.b. Nominal GDP is adjusted for changes in the price level; real GDP is not. c. Real GDP is adjusted for depreciation; nominal GDP is not. d. Real GDP is adjusted for changes in the price level; nominal GDP is not. e. Real GDP is adjusted for taxes and transfer payments; nominal GDP is not.

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What is the difference between nominal and real GDP? Select one: a. Nominal GDP is adjusted for depreciation; real GDP is not.b. Nominal GDP is adjusted for changes in the price level; real GDP is not. c. Real GDP is adjusted for depreciation; nominal GDP is not. d. Real GDP is adjusted for changes in the price level; nominal GDP is not. e. Real GDP is adjusted for taxes and transfer payments; nominal GDP is not.

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  • What is the difference between nominal and real GDP?
    c. Real GDP is adjusted for depreciation; nominal GDP is not.
  • Real GDP reflects the changes in real production. Real GDP reflects the changes in real production. Nominal GDP on the other hand, reflects the current market price of an economic output produced within a specified period of time. real GDP is nominal GDP adjusted for inflation
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Answered on June 24, 2020 3:11 pm
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