Real GDP is

A) the final estimate of GDP for a period.
B) GDP unadjusted for inflation.
C) GDP adjusted for inflation.
D) total income minus indirect business taxes.

Real GDP

Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in a given year.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power.