Asked by Lauren Knight on May 01, 2024

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If real GDP were to grow faster than GDP there would be ___.

Real GDP

The measure of a country's economic output adjusted for price changes, such as inflation or deflation, giving a more accurate depiction of an economy's size.

GDP

The total value of goods and services produced over a specific period in a country, known as Gross Domestic Product, reflects its economic productivity.

  • Comprehend the difference between nominal GDP (GDP) and real GDP.
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KF
Keith FitzpatrickMay 03, 2024
Final Answer :
deflation