Respuesta :

Answer:

Real GDP can be used to accurately calculate growth in any given financial year.

Explanation:

  • The Nominal GDP of an economy does not take into consideration the depreciation of the goods and services or the inflation prevalent in the economy.
  • Not calculating the depreciation or the inflation occurring in the prices of goods and services shows an increased growth rate which is actually deceiving.
  • The Real GDP provides for the deduction of all such factors and gives out the accurate value of growth occurred.
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The Nominal GDP of an economy does not take into consideration the depreciation of the goods and services or the inflation prevalent in the economy.

Not calculating the depreciation or the inflation occurring in the prices of goods and services shows an increased growth rate which is actually deceiving.

The Real GDP provides for the deduction of all such factors and gives out the accurate value of growth occurred.

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