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Business, 07.10.2019 19:10 blueval3tine

Why is real gdp a more accurate measure of an economy's production than nominal gdp? real gdp measures the value of the goods and services an economy produces, but nominal gdp measures the value of the goods and services an economy consumes. real gdp is not influenced by price changes, but nominal gdp is. nominal gdp is adjusted for the effects of inflation or deflation, whereas real gdp is not

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Why is real gdp a more accurate measure of an economy's production than nominal gdp? real gdp measu...
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