When current market prices are used to determine the value of each unit that is produced in an economy, the resulting aggregate is known as ____________?

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asked Feb 3, 2018 146k views

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Vural · Answer 1 · 2018-02-08T13:15:30+0000

The answer is nominal gross domestic product or nominal GDP. This differs from real gross domestic product in the fact that the latter takes into account the inflation rate while nominal gross domestic product does not

When current market prices are used to determine the value of each unit that is produced in an economy, the resulting aggregate is known as ____________?

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When current market prices are used to determine the value of each unit that is produced in an​ economy, the resulting aggregate is known as​ ____________?

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When current market prices are used to determine the value of each unit that is produced in an economy, the resulting aggregate is known as ____________?