1 by definition is nominal gdp higher than real gdp2, Ask an Expert

Economics

1. By definition, is nominal GDP higher than real GDP?

2. Looking back over the last 10,000 years of human history, which is more "normal": for GDP per capita to grow or for GDP per capita to stay about the same?

3. What is the difference between a nation's wealth and its GDP? How are the two related?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92660850

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