Question: Unit 5 DB: GDP Discuss the difference between real GDP and nominal GDP, which is used by economists to measure economic well-being and why.Why is

Unit 5 DB: GDP

Discuss the difference between real GDP and nominal GDP, which is used by economists to measure economic well-being and why.Why is a large GDP a good thing?Give an example of something that would raise GDP but would be considered undesirable and explain.

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