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

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26-03-2018
Business

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

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sophyyyy sophyyyy · Answer 1 · 2018-03-26T09:04:08+02:00

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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