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Which statement best explains Real GDP?

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Question ID #27218 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 7 Medium

Which statement best explains Real GDP?

Correct Answer: D. GDP measured at constant prices to remove price-change effects
Real GDP: GDP measured at constant prices to remove price-change effects

Question: Which statement best explains Real GDP?

A. RBI facility for absorbing liquidity without collateral

B. Tax collected through transactions where burden may be shifted to another person

C. Sale or dilution of government equity in public-sector enterprises

D. GDP measured at constant prices to remove price-change effects

Correct Answer: D. GDP measured at constant prices to remove price-change effectsReal GDP: GDP measured at constant prices to remove price-change effects

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Which statement best explains Real GDP? - MCQ Explanation

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Correct answer: D. GDP measured at constant prices to remove price-change effects