Why do economists use real GDP? » HSC U.S. Economy MCQ » MCQ Academy

U.S. Economy

Why do economists use real GDP?

To count only tax revenue
To calculate state borders
To measure rainfall
To measure output changes after adjusting for price changes

To count only tax revenue
To calculate state borders
To measure rainfall
To measure output changes after adjusting for price changes

Note

To measure output changes after adjusting for price changes is correct. Real GDP is used to evaluate changes in output after adjusting for price changes.

Tags: California Economy, California Facts, GDP and Economic Measures

Note

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