I just heard on the news that GDP is higher this year than it was last year.

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“I just heard on the news that GDP is higher this year than it was last year. This means that we’re better off this year than last year.” Comment.

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:11 AM

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I just heard on the news that GDP is higher this year than it was last year.

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First the statement simply refers to GDP not Real GDP Perhaps the increase in nominal GDP ...View the full answer

Economics

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