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Which of the following is corrected for inflation? Group of answer choices Nominal GDP All of...

Which of the following is corrected for inflation?

Group of answer choices

Nominal GDP

All of these answers

the natural rate of unemployment

Real GDP

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Answer #1

ANSWER :: (D) Real GDP

=> Explanation ::

Real GDP Is Macro Economics Mesasures. It shows The Total Output Of the Country Adjusted At Price Changes. So Real GDP

= Nominal GDP/GDP Deflator

Or. = Total Output * Base Year Prices

So While Calculating Real GDP We Have To Take The Prices Of Base Year. It is inflation Adjusted Measure Which Shows The value of All The Produced goods and Services in The given year. So We Assume That Real GDP is Corrected For Inflation.

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