What is the difference between nominal GDP and real GDP? Why do changes in nominal GDP usually

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What is the difference between nominal GDP and real GDP? Why do changes in nominal GDP usually overstate changes in total production in the economy?

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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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Question Posted: Feb 04, 2016 06:35 AM

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What is the difference between nominal GDP and real GDP? Why do changes in nominal GDP usually

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To conclude I can say that Nominal GDP and real ...View the full answer

Macroeconomics

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