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What does it mean if real GDP were growing faster then nominal GDP?
Wiki User
∙ 10y ago
It means that inflation is negative, also known as deflation.
Wiki User
∙ 10y ago
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Why has the nominal GDP increased faster than real GDP in the US over time?
The real GDP is influenced by inflation.
What is nominal price and real price?
Real price is in a mud nominal price is in your FACE
Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP?
Growth in real GDP is the only true indicator of weather or not an economy is growing.
How does the real interest rate relate to the nominal interest rate?
A real interest rate and a nominal interest rate are quite similar. The only real difference between the two interest rates are that a nominal interest rate include the cost of inflation where as the real interest rate does not.
The real wage will rise if the nominal wage?
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
Why has the nominal GDP increased faster than real GDP in the US over time?
The real GDP is influenced by inflation.
What is nominal price and real price?
Real price is in a mud nominal price is in your FACE
Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP?
Growth in real GDP is the only true indicator of weather or not an economy is growing.
Liabilities is real accounts or nominal accounts?
nominal account.
Is depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Is accumulated depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Is inventory a nominal account?
real
Is suspense account a nominal account?
Not necessarily. It can be of any type. Real, Personal or Nominal.
Is Sales Account nominal or real account?
real accounts
What is the difference nominal cash flow and real cash flow?
Difference between real and nominal cash flow is that nominal cash flows uses the inflation information as well for calculation of nominal cash flow of future while real cash flow don't use that information for calculation.
How does the real interest rate relate to the nominal interest rate?
A real interest rate and a nominal interest rate are quite similar. The only real difference between the two interest rates are that a nominal interest rate include the cost of inflation where as the real interest rate does not.
What are some antonyms for the word nominal?
real
