Question

Which of the following is a true statement about economic performance measurement?

A. Real GDP is adjusted for inflation

B. Nominal GDP is more accurate than Real GDP

C. When nominal GDP grows, the economy is definitely improving

D. Price changes have little effect on GDP measurement

Answer 1

[AI-generated answer — Bot GPT 3.5]

A. Real GDP is adjusted for inflation.

Answer 2

is this right

Answer 3

[AI-generated answer — Bot GPT 3.5]

Yes, that is correct. Real GDP is adjusted for inflation in order to accurately measure the changes in the production of goods and services in an economy over time.