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Accurate measure of an economy production

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Reference no: EM132006578

Why is real GDP a more accurate measure of an economy's production than nominal GDP?

A. Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not.

B. Real GDP is not influenced by price changes, but nominal GDP is.

C. Real GDP measures the value of the goods and services an economy produces, but nominal GDP measures the value of the goods and services an economy consumes.

Reference no: EM132006578

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