- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 14. Aggregate Output, Prices, and Economic Growth
- Subject 1. Gross Domestic Product
CFA Practice Question
Real gross domestic product is best defined as ______.
A. all goods and services produced in an economy stated in the prices of a given year
B. the market value of all final goods and services produced in an economy stated in the prices of a given year
C. the market value of goods and services produced in an economy stated in current-year prices
Explanation: That's the definition of real GDP.
User Contributed Comments 1
| User | Comment |
|---|---|
| edwardike | How is this not A? |