neolmar3958 neolmar3958
  • 26-03-2018
  • Business
contestada

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

Respuesta :

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
Answer Link

Otras preguntas

round to the nearest cent $0.4625
An English class has read the first 384 pages of their novel. If this is 75% of the entire book, how many total pages are in the novel?
how large is the tallest building in the world?
Was it a mistake for the British to use mercenaries to help them fight the war?
Janice spent $54 to buy some pairs of pants. Each pair of pants cost the same whole dollar amount. How many pairs of pants could she have bought
why does chemical weathering occur more quickly in a hot climate
A laissez-faire government approach to the economy is based on the ideas of __________. A. socialism B. communism C. traditionalism D. capitalism
The distance around a circular flower bed is 36 feet. Jasper wants to put stakes every 8 inches (2/3 of a foot) around the bed. How many stakes does he need?
Find two positive numbers whose ratio is 2:3 and whose product is 600
the school chorus has 52 students, which represents 26% of the seventh graders. How many students are in the seventh grade