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Real Gdp is a better. Indicator …

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Real Gdp is a better. Indicator of economic growth than nominal Gdp.
  • 1 answers

Jyoti Kumari 5 years, 5 months ago

Yes because real gdp shows true picture of economic growth as it is affected by quantity i.e production only and not by price. Real gdp increases when production in the country increases but nominal gdp increases even when price increase, and increase in price is not the indicator of economic growth.
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