Ask Question
15 December, 09:42

When economists speak of changes in GDP measured in constant dollars, they mean thata. the price level is constant. b. the growth rate of money GDP has been adjusted for changes in population. c. money GDP is constant. d. a price index has been used to adjust money GDP for the effects of inflation.

+2
Answers (1)
  1. 15 December, 11:22
    0
    the price level is constant.

    Explanation:

    GDP is the total value (price x quantity) of goods & services produced by an economy during a period of time.

    GDP measured at constant dollars is Real GDP i. e at constant price. Constant price is the base year price.

    This GDP is a good measure rather than fluctuating price GDP, as it reflects change in only the quantity of goods & services and not price rise i. e Inflation.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When economists speak of changes in GDP measured in constant dollars, they mean thata. the price level is constant. b. the growth rate of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers