Social Studies, 27.11.2019 01:31 martina28
Why would an economist use real gdp rather than nominal gdp to measure growth?
real gdp calculates the gdp for a longer period of time.
real gdp uses current prices to measure the year's output.
nominal gdp applies to only a small number of industries.
real gdp reflects output more accurately than nominal gdp by using constant prices.
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Why would an economist use real gdp rather than nominal gdp to measure growth?
real gd...
real gd...
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