Question

Gross Domestic Product that is adjusted for price changes is called _____. nominal Gross Domestic Product real Gross Domestic Product inflation

The _____ adds up the spending by different parts of the economy, such as consumption, investment, government spending, and net exports. income approach product approach expenditure approach

Answer 1

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Step-by-step explanation:

Answer 2

The answer to the first question is Real Gross Domestic Product. Real Gross Domestic Product is the Gross Domestic Product that is adjusted for price changes in the economy.

For the second question, the answer is expenditure approach. The expenditure approach is the sum of the spending by different parts of the economy.