I prices rise peoples income from selling goods increases


If prices rise, people's income from selling goods increases. However, the growth of real GDP ignores this gain. Given this information, why do economists prefer real GDP as a measure of economic well-being?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: I prices rise peoples income from selling goods increases
Reference No:- TGS0572473

Expected delivery within 24 Hours