Final answer:
GDP is not a measure of the cost of consumer goods but an indicator of a country's economic output.
Explanation:
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period. It is not a measure of the cost of consumer goods but rather the overall economic output.
For example, if a country's GDP increases, it indicates economic growth and higher production levels across various sectors, not just consumer goods.
Real GDP is an adjusted measure that accounts for price changes, providing a more accurate reflection of economic growth.
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