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Explain the importance of real gross domestic product. How can price changes affect nominal gross domestic product?Explain. Explain four (4) reasons why real gross domestic
- Explain the importance of real gross domestic product.
- How can price changes affect nominal gross domestic product?Explain.
- Explain four (4) reasons why real gross domestic product is not an accurate measure of the welfare of a nation.
- Explain two (2) variables, other than GDP, that can more accurately measure the welfare of a nation.
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