The distinction between real GDP and nominal GDP is important to determine which of the following?...

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The distinction between real GDP and nominal GDP is important to determine which of the following? he growth in the government sector. The change in real output produced The change in real GDP per person

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Answer 1

Answer #1

Solution -

Option B. The change in real output produced is Correct Option.

Reason

when distinction between RGDP and NGDP is important to determine Output Produce because always RGDP based on Based Year and Market basket means NGP so here output produce matter so option B is Correct Option .

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Answer 2

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The distinction between real GDP and nominal GDP is important to determine which of the following?...

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