Which one of the following statements is not correct?

Question

Accepted Answer

(A) Real GDP is calculated by valuing outputs of different years at common prices.

Answer

(B) Potential GDP is the real GDP that the economy would produce if its resources were fully employed.

Answer

(C) Nominal GDP is GDP given in current prices, without adjustment for inflation

Answer

(D) Real GDP per capita is the ratio of real GDP divided by population.