If we want to measure an economys output why is real gdp a
If we want to measure an economy's output, why is real GDP a better measurement than nominal GDP?
Nominal GDP in 2016 is 540. Real GDP in 2016 is 450. Find the GDP deflator.
What is one limitation of using GDP as a measure of economic well-being?
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if we want to measure an economys output why is real gdp a better measurement than nominal gdpnominal gdp in 2016 is
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