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Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP?
Wiki User
∙ 11y ago
Growth in real GDP is the only true indicator of weather or not an economy is growing.
Wiki User
∙ 11y ago
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What indicators does not measure economic growth?
Economic growth can be measured in nominal terms, which include inflation. The growth of an economy is thought of not only as an increase in productive.
Why do economists use real GDP rather than nominal GDP to measure growth?
Real GDP reflects output more accurately than nominal GDP by using constant prices.
Should the real GDP rate of growth be higher than the nominal GDP growth?
no
What money supply growth exceeds the growth of the overall economy what is the result?
Inflation
The growth of the nations economy during the 1920s was called?
The growth of the nation's economy during the 1920s was called urbanization.
What indicators does not measure economic growth?
Economic growth can be measured in nominal terms, which include inflation. The growth of an economy is thought of not only as an increase in productive.
Why do economists use real GDP rather than nominal GDP to measure growth?
Real GDP reflects output more accurately than nominal GDP by using constant prices.
What is Robert Gordon most known for?
Robert Gordon is most known as an Economist. He tells why the United States growth is slowing, thus creating problems in the economy. He refers to these times as the death of innovation.
Should the real GDP rate of growth be higher than the nominal GDP growth?
no
How fast is China developing?
China will overtake the United States to become the world's largest economy by 2038 if current growth rates continue," and China's nominal GDP will likely overtake that of Japan by 2009 or 2010.
What money supply growth exceeds the growth of the overall economy what is the result?
Inflation
The effect of the cutting of the old-growth forests on the ancient cultures and traditions of the people?
"economist"
A major burden to the growth of China's economy was caused by?
improved technologya major burden to growth of china economy was caused byPopulation growthpopulation growth
The growth of the nations economy during the 1920s was called?
The growth of the nation's economy during the 1920s was called urbanization.
The growth of the nation's economy during the 1920s was called .?
The growth of the nation's economy during the 1920s was called urbanization.
What term applies to this situation a business closing because the old growth froest was not cut down?
Economist
Who was the English economist who saw the surging growth of the world population as a sign of global doom?
Thomas Malthus
