How is it counted in this year’s gdp and not next year’s

Reference no: EM131347385

1. Why has nominal GDP increased faster than real GDP in the United States over time? What would it mean if an economy had real GDP increasing faster than nominal GDP?

2. If a surfboard is produced this year but not sold until next year, how is it counted in this year's GDP and not next year's?

Reference no: EM131347385

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