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Constant Dollar Gdp

November 26th, 2005 by admin

constant dollar gdp
To compare the change in physical production (GDP) between 2000 and 2006, we should compare _____ GDP in 2000?

To compare the change in physical production (GDP) between 2000 and 2006, we should compare _____ GDP in 2000 with _____ GDP in 2006.

A. real; real
B. real; nominal
C. nominal; nominal
D. current dollar; current dollar
E. current dollar; constant dollar

“A” is right one. “Real” measure real changes while “Nominal” measures dynamics of GDP in current dollars.