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Fill the space [ nominal, real ] GDP is corrected for inflation and [ nominal, real ] GDP is not. When comparing the GDP between
Fill the space [ nominal, real ] GDP is corrected for inflation and [ nominal, real ] GDP is not. When comparing the GDP between two time periods, it is important to use [ nominal, real ] GDP because inflation can make it look like the economy has grown more than it actually has
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Macroeconomics
Authors: Charles I. Jones
1st Edition
978-0393926385, 0393926389
