What is the diffrence between Real and Nominal GDP? - ProProfs Discuss
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What is the diffrence between Real and Nominal GDP?



A. Measured by excluding some of the sectors
B. That real GDP is always smaller than Nominal GDP
C. Change in price level from base year to current year
D. None of the above.

This question is part of Macroeconomics Practice Quiz
Asked by Muhammadakram, Last updated: Jan 10, 2020

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3 Answers

John Adney

John Adney

Answered Aug 31, 2017

Change in price level from base year to current year

 

DELORSE

DELORSE

Answered Jun 08, 2017

Change in price level from base year to current year
 

John Smith

John Smith

Answered May 20, 2017

Change in price level from base year to current year
 

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