AGDP measures the value of all the goods and services produced in the economy.
BGDP stands for gross domestic product.
CGDP excludes intermediate goods and services.
DGDP equals wages plus trading profits.
Answer:
Related Questions:
What is the function of the GDP deflator?
i.It is a measure of inflation which evaluates the entire range of goods and services produced in the economy.
ii.It shows real GDP growth on the basis of current production.
iii.The GDP deflator is in real terms while the CPI is in nominal terms.
iv.None of the above
