Answer to Question #213550 in Macroeconomics for geoffrey

Question #213550

        Why is real GDP preferred as a measure of economic growth?


1
Expert's answer
2021-07-05T16:23:30-0400

Economists consider real GDP in determining economic growth rate with no any distorting impacts of inflation. Real gross domestic product number permits people measuring growth effectively.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
APPROVED BY CLIENTS