Real gdp or nominal gdp, Macroeconomics

Which is a better measure of economic well-being real GDP or Nominal GDP?

Ans) Well real GDP takes into account the inflation rate and therefore is more accurate at recording the actual enhance in production activities. Thus, Real GDP is better.


Posted Date: 4/1/2013 5:35:13 AM | Location : United States

Related Discussions:- Real gdp or nominal gdp, Assignment Help, Ask Question on Real gdp or nominal gdp, Get Answer, Expert's Help, Real gdp or nominal gdp Discussions

Write discussion on Real gdp or nominal gdp
Your posts are moderated
Related Questions
Should the government increase, decrease or remain the same in its level of intervention when it comes to mandating that companies provide product information to consumers? What ha

To determine whether high blood pressure affected whether a person had a stroke, a sample of 300 people who had had strokes are examined. In the sample, 37% had high blood pressure

what is money multiplier? what is role , importance, advantages , disadvantages , limitations and examples of money multiplier?

how the theories of trade cycle affects in the business

Filbert and Lychee have convex indifference curves. Note Filbert is indifferent between baskets (3, 2) and (4, 1)--these are x, y coordinates. Lychee is indifferent between baskets

why is international trade important for South Africa?

Definition of Exchange rate The exchange rate is stated as the price of one unit of currency in terms of other currency. If one euro costs 1.5 USD then 1 USD costs 1/1.5 = 0.66

Use the points on the graph below to answer the following questions. i)   What is Ep along D1 (from A to B)? ii)  What is the Ep along D2 (from X to Y)? iii) What are

The annual income from an apartment complex is $20,664. The annual expense is estimated to be $3,414. The apartment complex could be sold for $146,499 at the end of 10 years. If yo