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4.4.3 distinction between growth in nominal GDP and real GDP

Card 1 of 25

What does nominal GDP measure output using?

A

Nominal GDP measures output using current prices.

B

Nominal GDP measures output using expected future prices.

C

Nominal GDP measures output using average international prices.

D

Nominal GDP measures output using constant base-year prices.

Card 1 of 25

4.4.3 distinction between growth in nominal GDP and real GDP Flashcards

  1. Intl A Level
  2. /Economics
  3. /4.4.3 distinction between growth in nominal GDP and real GDP

25 flashcards on CIE Intl A Level Economics 4.4.3 distinction between growth in nominal GDP and real GDP: the key terms and definitions you need to recall.