Why does inflation make nominal GDP a poor measure of the increase in total production from one

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Why does inflation make nominal GDP a poor measure of the increase in total production from one year to the next? How does the U.S. Bureau of Economic Analysis deal with this drawback?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:32 AM

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Why does inflation make nominal GDP a poor measure of the increase in total production from one

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Nominal GDP can change because of either quantity c...View the full answer

Economics

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