Which statement represents most correctly the relationship between nominal gdp and real gdp?
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Business, 11.10.2019 03:00 marifermolina
Which statement represents most correctly the relationship between nominal gdp and real gdp?
a. nominal gdp measures base-year production using base-year prices, whereas real gdp measures current production using current prices.
b. nominal gdp measures current production using base-year prices, whereas real gdp measures current production using current prices.
c. nominal gdp measures current production using current prices, whereas real gdp measures current production using base-year prices.
d. nominal gdp measures current production using current prices, whereas real gdp measures base-year production using base-year prices.
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