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Real gdp is a better measure of economic well-being than nominal gdp because real gdp?
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Real gdp is a better measure of economic well-being than nominal gdp because real gdp?

User Joaocarlospf
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2 Answers

3 votes

Answer:

Real GDP accounts for Inflation

Step-by-step explanation:

Real GDP is a better measure for economic well-being because it takes into consideration the price changes.

User Tim Walsh
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4 votes

It is the standard measure for economic growth

User Aaron Wang
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5.2k points
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