Nominal GDP Has been adjusted for changes in the general pri

Nominal GDP: Has been adjusted for changes in the general price level Measures the real level of output in the economy Measures national output based on the current year\'s prices Measures changes in the output of services, as opposed to goods. Real GDP measures Personal income adjusted for taxes paid to the government National output adjusted for changes in the quality of products National output adjusted for price level changes National output adjusted for unemployment

Solution

6. (c) Measures national output based on the current year\'s prices.

7. (C) National output adjusted for price level changes