What is the national output of goods and services called when valued at current prices?
a. Gross national product.
b. Nominal GDP.
c. Real GDP.
d. Net National Product.
e. Gross Expenditures.
Answer: b. Nominal GDP.
What is the national output of goods and services called when valued at current prices?
a. Gross national product.
b. Nominal GDP.
c. Real GDP.
d. Net National Product.
e. Gross Expenditures.
Answer: b. Nominal GDP.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.