Question

real gross domestic product is a better indicator of economic growth than national

Answer 1

Answer:

Real GDP is usually considered the better indicator of economic growth, through its particular focus on measuring production. Whereas Nominal GDP may over-exaggerate the growth rate, if there is consistently higher levels of inflation within an economy.

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Answer 2

Answer:

Real GDP is usually considered the better indicator of economic growth, through its particular focus on measuring production. Whereas Nominal GDP may over-exaggerate the growth rate, if there is consistently higher levels of inflation within an economy.