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A measure of GDP in which quantities produced are valued at the prices of a fixed base year is called:
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A measure of GDP in which quantities produced are valued at the prices of a fixed base year is called:

User Mskuratowski
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Answer:

Real GDP

Step-by-step explanation:

A measure of GDP in which quantities produced are valued at the prices of a fixed base year is called "Real GDP"!

Real GDP measures the values of the output adjusted for price changes. It reflects the value of all goods and services which are produced in a particular year.

It is also known as "constant-price" GDP. Mathematically, Real GDP = nominal GDP/ deflator.

User TinBane
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