Ask Question
3 October, 17:03

Why is it important for economists to determine the influence on a nations real gdp

+3
Answers (1)
  1. 3 October, 19:40
    0
    Nominal GDP refers to a country's economic output without an inflation adjustment, while Real GDP is equal to the economic output adjusted for the effects of inflation. Economists will look at negative GDP growth to determine whether an economy is in a recession.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why is it important for economists to determine the influence on a nations real gdp ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers