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Question
What does Real GDP show?
Options
Change in price only
Change in output only
Change in both price and output
None of the above.
MCQ
Solution
Change in output only
Explanation:
Real GDP is affected solely by changes in physical output, not by changes in the price level. It's referred to as a true indicator of economic development.
shaalaa.com
Gross and Net Domestic Product (GDP and NDP)
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