Question

Real GDPa.is the current dollar value of all goods produced by the citizens of an economy within a given time. b.measures economic activity and income. c.is used primarily to measure long-run changes rather than short-run fluctuations. d.All of the above are correct.

Answer 1

Answer:all of the above are Correct (D)

Explanation:

Real GDP is a macro economic statistics that measure the value of the goods and services produced by an economy in a specific period , adjusted for inflation. Government use both minimal and real GDP as metrics for analyzing economic growth and purchasing power over time.