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Tag: The difference between real GDP and nominal GDP

The difference between real GDP and nominal GDP

Posted on June 4, 2022 | by

 

 

 

 

Discuss the difference between real GDP and nominal GDP, which is used by economists to measure economic well-being and why. Why is a large GDP a good thing? Give an example of something that would raise GDP but would be considered undesirable and explain.

 

 

 

Posted in economics | Tagged The difference between real GDP and nominal GDP

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