116k views
4 votes
What macroeconomic goal is Real GDP used to measure for?

User Geedubb
by
4.7k points

1 Answer

0 votes

Answer: Economic growth

Step-by-step explanation:

Some of the macroeconomic goals that we've include economic growth, low inflation, low unemployment, improvement on standard of living, balance of payment equilibrium etc.

Real gross domestic product refers to the measure of the output in an economy with the inflation in the economy taken into consideration and it has been adjusted with respect to the inflation. The real gross domestic product measures the economic growth rate.

User Jaycreation
by
4.4k points