{"id":24521,"date":"2026-09-13T22:51:57","date_gmt":"2026-09-13T16:51:57","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/which-claim-about-nominal-and-real-gdp-is-correct\/"},"modified":"2026-09-13T22:51:57","modified_gmt":"2026-09-13T16:51:57","slug":"which-claim-about-nominal-and-real-gdp-is-correct","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/which-claim-about-nominal-and-real-gdp-is-correct\/","title":{"rendered":"Which claim about nominal and real GDP is correct?"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Which claim about nominal and real GDP is correct?<\/p>\n\n<ul class=\"quiz-options\">\n<li>A rise in nominal GDP always proves that real production rose by the same percentage<\/li>\n<li>Real GDP does not adjust for changes in prices<\/li>\n<li>Nominal GDP and real GDP are identical measures<\/li>\n<li>Nominal GDP and real GDP should not be compared without recognizing their different price treatments<\/li>\n<\/ul>","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","subject":[3258],"topic":[3610,3604],"education_level":[1895],"class_list":["post-24521","mcq","type-mcq","status-publish","hentry","subject-us-economy","topic-connecticut-economy","topic-connecticut-facts","education_level-ssc"],"mcq_note":"<p><strong>Key idea:<\/strong> Nominal GDP and real GDP should not be compared without recognizing their different price treatments. GDP figures should be interpreted with their measure and reference year.<\/p>","mcq_options":[{"right":"no","answer":"A rise in nominal GDP always proves that real production rose by the same percentage"},{"right":"no","answer":"Real GDP does not adjust for changes in prices"},{"right":"no","answer":"Nominal GDP and real GDP are identical measures"},{"right":"yes","answer":"Nominal GDP and real GDP should not be compared without recognizing their different price treatments"}],"multi_answers":"no","subject_terms":[{"id":3258,"title":"U.S. Economy","slug":"us-economy"}],"topic_terms":[{"id":3610,"title":"Connecticut Economy","slug":"connecticut-economy"},{"id":3604,"title":"Connecticut Facts","slug":"connecticut-facts"}],"education_level_terms":[{"id":1895,"title":"SSC","slug":"ssc"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/24521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=24521"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=24521"}],"wp:term":[{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=24521"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=24521"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=24521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}