Real GDP is the value of the _ goods and services produced in a given year expressed in terms of the prices in _ year. N

Question

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Real GDP is the value of the _ goods and services produced in a given year expressed in terms of the prices in _ year. N

ominal GDP is the value of the _____ goods and services produced in a given year expressed in terms of the prices of _____ year.

Business

1 answer:

exis [7] · Answer 1 · 2021-12-18T12:27:27+03:00

Answer:

The correct answer is final; a base; final; that same.

Explanation:

Real GDP refers to the value of all the production of a country at constant prices, that is, that the variations in prices that occur over time, due to inflation, supply, demand, etc. are not taken into account. . This allows comparisons between the products and services produced by a country, isolated from the price differences that can occur in different periods, which allows us to see how much the economy really grows.

Real GDP is the value of the _____ goods and services produced in a given year expressed in terms of the prices in _____ year. N

Real GDP is the value of the _ goods and services produced in a given year expressed in terms of the prices in _ year. N