Student or Learner
I am wondering whether the phrase in the tapescript is wrong?
Economic output was 2.4 percent higher in the third quarter, the modest increase in the gross national product was spurred primarily by 42 billion dollar surge in consumer spending. More than half of that is the result of increased car sales. Analysit warned that cosusmers may have spent more than expected last quarter, which could lead to weak demand in the next two quarters.Real GNP in adjusted 1982 dollars, rose to more than 3 and a half trillion dollars.
If right, what does the underlined mean?
To adjust a currency means to apply the rate of inflation to establish the current value of the currency against its value at a specific point in the past.