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Economics

Real GDP is a better measure of evaluating the economic growth of a nation than the nominal GDP

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 10WNG

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Real GDP is a better measure of evaluating the economic growth of a nation than the nominal GDP.

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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Is there any other measure of economic growth instead of GDP. If any kindly explain.

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