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When computing economic growth, changes in nominal gross domestic product (GDP) must be adjusted to reflect changes in the price level because: Group of answer choices changes in prices are primarily determined by the government. an increase in prices will increase nominal GDP without any actual economic growth. changes in prices are largely irrelevant for consumers. an increase in prices will decrease nominal GDP without any actual economic growth. prices are nearly impossible to measure by government economists.

Respuesta :

Answer: an increase in prices will increase nominal GDP without any actual economic growth.

Explanation:

Gross Domestic Product simply means the value in terms of money of the goods and services that a particular country produces for a particular year.

Nominal gross domestic product is when the gross domestic product of an economy is being evaluated based on the current market prices of the goods and services.

It should be noted that when computing economic growth, changes in nominal gross domestic product must be adjusted to reflect changes in the price level because an increase in prices will increase nominal GDP without any actual economic growth.

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