InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
Which Is A Better Measure Of Economic Well-being Real Gdp Or Nominal Gdp? |
|
Answer» Well real GDP takes into account the inflation rate and thus is more ACCURATE at recording the actual INCREASE in production ACTIVITIES. THEREFORE, Real GDP is better. Well real GDP takes into account the inflation rate and thus is more accurate at recording the actual increase in production activities. Therefore, Real GDP is better. |
|