Real gross domestic product (GDP) shows:

A) total spending on intermediate goods and services.
B) constant dollar GDP.
C) net domestic product.
D) nominal GDP adjusted for taxes.
E) domestic income.

Constant Dollar

A term used to describe a dollar value that has been adjusted for inflation to reflect purchasing power at a specific point in time.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced by an economy in real terms.

Intermediate Goods

Products that are used as inputs in the production of other goods or services, not sold directly to end consumers.