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Business, 21.09.2019 22:00 sergiogautosg15

Nominal gdp is not an accurate measure of the real level of economic activity in a country because: the gdp deflator consistently underestimates the real cost of living. inflation distorts the real value of all the goods and services produced. base year prices are likely to experience substitution bias. taxes distort the real value of all the goods and services produced.

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