which one is a better indicator of
economic Growth
Real GDP or
nominal GDP. explain
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Answered by
1
Real GDP is a much better index for expressing the output of an economy, as it takes into account the fluctuating value of goods and services when expressed in monetary value
real GDP is a better and more reliable index of growth of an economy.
real GDP is a better and more reliable index of growth of an economy.
Answered by
2
GDP is the sum of money value of final goods and services produce in each sector during a particular year within the domestic territory of our country
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