Since Real GDP Is Adjusted for Inflation and Nominal GDP

question 56

Essay

Since real GDP is adjusted for inflation and nominal GDP is not,nominal GDP must always be higher than real GDP.Do you agree or disagree? Why?

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Definitions:

Purpose

This refers to the fundamental reason for the existence of an organization or an individual's motive for performing a specific task.

Process

A series of actions or steps taken to achieve a particular end or result.

Communicating Problems

The process of identifying, articulating, and discussing issues or obstacles within a team or organization.

Involving People

The act of including individuals in activities, decisions, or processes.