neolmar3958 neolmar3958
  • 26-03-2018
  • Business
contestada

Why would an economist use real gdp rather than nominal gdp to measure growth?

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sophyyyy
sophyyyy sophyyyy
  • 26-03-2018
real gdp changes only when there are changes in quantities of production
but nominal gdp will change when there are changes either in quantities or price involved in production
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