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Discuss the difference between real GDP and nominal GDP

Discuss the difference between real GDP and nominal GDP

Discuss the difference between real GDP and nominal GDP, which is used by economists to measure economic well-being and why. Why is a large GDP a good thing? Give an example of something that would raise GDP but would be considered undesirable and explain.

Answer preview to discuss the difference between real GDP and nominal GDP

Discuss the difference between real GDP and nominal GDP
APA

352 words

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