Business, 16.03.2020 17:57 jackfrost5
Why is real GDP a more accurate measure of an economy's production than nominal GDP? Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not. Real GDP includes the value of exports, but nominal GDP does not. Real GDP is not influenced by price changes, but nominal GDP is.
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Why is real GDP a more accurate measure of an economy's production than nominal GDP? Nominal GDP is...
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