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Discuss the difference between real gdp and nominal gdp

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Discuss the difference between real GDP and nominal GDP, which is used by economists to measure economic well-being and why. Why is a large GDP a good thing?

Give an example of something that would raise GDP but would be considered undesirable and explain.

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This work is done in Microsoft word document is about the real GDP and nominal GDP and it describes the vulnerability of the economists to measure economic well-being.This document was prepared in the MS word is all about how to distinguish along with describing the GDP and relevance to it.

Reference no: EM132375503

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