Advertisements
Advertisements
Question
What does Real GDP show?
Options
Change in price only
Change in output only
Change in both price and output
None of the above.
MCQ
Advertisements
Solution
Change in output only
Explanation:
Real GDP is affected solely by changes in physical output, not by changes in the price level. It's referred to as a true indicator of economic development.
shaalaa.com
Gross and Net Domestic Product at Market Price
Is there an error in this question or solution?
