Why Is Real GDP A Better Measure Of Economic Growth?
Real gross domestic product (GDP) is a better indicator of an economy’s output than nominal GDP. Real GDP removes the distortions produced by inflation, deflation, and currency rate variations, giving analysts a better picture of how a country’s total national output is rising or declining from year to year. Is real GDP an useful indicator […]
Why Is Real GDP A Better Measure Of Economic Growth? Read More »
