What is the gnp number refer to is nominal gnp

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In a 1990 article assessing the 1980's, Time reported that: "The good news is that U.S. gross national product doubled during the 1980s, from $2.7 trillion to $5.3 trillion." The GNP number they refer to is nominal GNP. Why might this news not be as good as they suggest?

Reference no: EM13237985

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