8. If prices rise, people's income from selling goods increases. The growth of real GDP ignores this

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8. If prices rise, people's income from selling goods increases. The growth of real GDP ignores this gain, however. Why, then, do economists prefer real GDP as a measure of economic well-being?

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:02 AM

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8. If prices rise, people's income from selling goods increases. The growth of real GDP ignores this gain, however. Why, then, do economists prefer real GDP as a measure of economic well-being?
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8. If prices rise, people's income from selling goods increases. The growth of real GDP ignores this

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Principles Of Macroeconomics

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