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.
In this discussion board you can offer a definition of GDP, Real GDP and Nominal GDP. Then use the terms in a presentation to the class that shows your understanding of the terms.
Remember that GDP is a National concept. Local events rarely impact GDP.
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