Final answer:
Real Gross Domestic Product (GDP) is the term used for GDP that is adjusted for price changes.
Step-by-step explanation:
Gross Domestic Product (GDP) that is adjusted for price changes is called real Gross Domestic Product. This is done by factoring in the changes in inflation over time to get a more accurate representation of the value of goods and services produced within a country. Real GDP helps economists and policymakers compare economic performance across different periods by removing the effects of inflation. It is calculated by multiplying the quantities of goods and services produced by their respective prices in a base year.
Learn more about Real Gross Domestic Product (GDP) and its importance in measuring economic performance