Why do economists use real GDP rather than nominal GDP to gauge economic well-being?

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Principles Of Macroeconomics

ISBN: 9780357133491

9th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 28, 2024 08:00 AM

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Why do economists use real GDP rather than nominal GDP to gauge economic well-being?
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Why do economists use real GDP rather than nominal GDP to gauge economic well-being?

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Principles Of Macroeconomics

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