Why might even real GDP be a misleading index of changes in output between 1950 and 2020

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Why might even real GDP be a misleading index of changes in output between 1950 and 2020 in the United States?

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 06, 2023 05:09 AM

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Why might even real GDP be a misleading index of changes in output between 1950 and 2020

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Even though real Gross Domestic Product GDP is a commonly used indicator to measure changes in a countrys economic output it can still be a misleading index when comparing the years 1950 and 2020 in t...View the full answer

Macroeconomics Private And Public Choice

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