Question

Real GNP is same as ______.

Options

• Nominal GNP

• GNP at current prices

• GNP at constant prices

• GNP less Net factor income from abroad

Answer 1

Real GNP is same as GNP at constant prices.

Explanation:

Real GNP refers to GNP at constant prices. It is the market value of the final goods and services produced within the domestic territory of a country during an accounting year, as estimated using the base year prices.