neolmar3958 neolmar3958
  • 26-03-2018
  • Business
contestada

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

Respuesta :

sophyyyy
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
Answer Link

Otras preguntas

Which of the following nations is not one of the three members of the North American Free Trade Agreement (NAFTA)? a. Russia b. Mexico c. Canada d. the Unit
what is the scientific mane for toes and fingers
You can avoid culture shock by?
Frank has two same size rectanles divided into the same number of equal parts. One rectangle has 3/4 of the parts shaded and the other has 1/3 of the parts. Is
The electrons involved in chemical bonds are called
Why do element whitin a group have similar chemical properties?
Summer is having a pool party at her house In the ice chest me are of lemonade and 13 bottles of water If she randomly grabs aborted from ’ w hat 15 the pro
Define Islam and tell what its followers are called.
A block has a volume of 0.09 m3 and a density of 4,000 kg/m3. What's the force of gravity acting on the block in water?
what was the name given to low-cost multi-family dwellings in the cities in the late 1800s