Which of the following economic measures will most likely increase a result of price of goods produced in a country?

English

1 answer:

nikitadnepr [17]3 years ago

5 0

Answer: Nominal GDP

Explanation:

Nominal GDP is referred to as an assessment of the value of the goods and the services that are produced in an economy such that the current prices of the goods are taken into consideration. In such case, when there's inflation that is, increase in price of goods and services, there'll be an increase in the nominal GDP as well.

While the nominal GDP takes inflation into account, the real GDP doesn't consider inflation. Therefore, the correct option is B.

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