Question

(Scenario: Good A and Good B) With 2009 as the base year, real GDP is greatest in:

a) Good A
b) Good B
c) Both have the same real GDP
d) Not enough information to determine.

Answer 1

The real GDP is the same for both Good A and Good B.

Step-by-step explanation:

The accurate answer to your question is option c) Both have the same real GDP.

Real GDP is a measure of economic output adjusted for inflation. Since both Good A and Good B have the same real GDP, it means that their value is equal after adjusting for inflation. Therefore, the answer is option c).