O httpsonlinehfccedumodquizfattemptphpattempt7187838pag of t

O https/online.hfccedu/mod/quizfattempt.php?attempt-7187838pag of the follow No results Op ard > My courses > 18/WI BEC-151-97 > Part 2: Market Fundamentals and GD uestion 19 Not yet answered Points out of 1.0 r Flag qu The difference between real GDP and nominal GDP is that: Select one: O a. Real GDP has been adjusted for inflation O b. Real GDP leaves out production performed by the government D c. Real GDP subtracts out taxes O d. Real GDP adds in home production

Solution

a. Real GDP has been adjusted for inflation.

Explanation:

The main difference between real GDP and nominal GDP is that the real values are adjusted for inflation, while nomilnal values are not adjusted and due to this reason only we see that the nominal GDP will appear higher than real.