Why do the economist use real GDP rather than nominal GDP to gauge economic
well-being
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Because it help to sustain the goods price to make a balance between the goods and service tax.
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Economists use real GDP rather than nominal GDP to gauge economic well-being because real GDP is not affected by changes in prices, so it reflects only changes in the amounts beingproduced. You cannot determine if a rise in nominal GDP has been caused by increased production or higher prices.
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