When real GDP increases, this implies that the production of goods and services has risen.

Question

When real GDP increases, this implies that the production of goods and services has risen.​

Kareen Abou Rehab · Accepted Answer

Final Answer : True, Explanation :  Real GDP measures the value of all goods and services produced within a country's borders, adjusted for price changes (inflation or deflation), so an increase in real GDP indicates a rise in the production of goods and services.

When real GDP increases, this implies that the production of goods and services has risen.

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When real GDP increases, this implies that the production of goods and services has risen.​

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Learning Objectives

Learning Objectives

Related questions

When real GDP increases, this implies that the production of goods and services has risen.