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1 December, 04:26

Nominal GDP is GDP in a given year A. adjusted for inflation. B. valued in the prices of the base year. C. adjusted for anticipated inflation. D. valued in the prices of that year.

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  1. 1 December, 04:56
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    The correct answer is D

    Explanation:

    Nominal GDP, is the GDP (termed as Gross Domestic Product), which is computed or determined as the present market prices. The nominal GDP will comprise of all the changes or variations in the prices of the market, which have happen during the present year or period because of the deflation or inflation.

    So, the Nominal GDP, is the GDP (Gross Domestic Product), in the given year will be values or evaluated in the prices of that year or period or current year.
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Home » Business » Nominal GDP is GDP in a given year A. adjusted for inflation. B. valued in the prices of the base year. C. adjusted for anticipated inflation. D. valued in the prices of that year.
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