real gdp uses a ______ dollar. *\ncurrent - uses the value of the dollar of each current year\nconstant…

real gdp uses a ______ dollar. *\ncurrent - uses the value of the dollar of each current year\nconstant - use the same value of one year for every year\nvariable - changes with inflation\nwhich of the following is true? *\ncurrent - uses the value of the dollar of each current year\nconstant - use the same value of one year for every year\nlife is fair

real gdp uses a ______ dollar. *\ncurrent - uses the value of the dollar of each current year\nconstant - use the same value of one year for every year\nvariable - changes with inflation\nwhich of the following is true? *\ncurrent - uses the value of the dollar of each current year\nconstant - use the same value of one year for every year\nlife is fair

Answer

Brief Explanations:

Real GDP measures the value of goods and services produced in an economy adjusted for inflation. It uses constant - dollar values, meaning it uses the same value of the dollar from a base year for every year to compare economic output over time. Current GDP uses the value of the dollar of each current year. The statement "life is fair" is not related to GDP concepts.

Answer:

For the first question: constant - use the same value of one year for every year For the second question: constant - use the same value of one year for every year current - uses the value of the dollar of each current year