Lumina Lumina
  • 24-09-2024
  • Business
College

What macroeconomic goal is Real GDP used to measure?

Answer :

Cricetus Cricetus
  • 29-09-2023

Answer:

"Economic growth
" would be the correct answer.

Explanation:

  • Throughout a particular year, real GDP tests the overall production as well as commodities of the economy, including light of the price adjustments.
  • People should measure or equate GDP throughout the year as inflation would be factored into the equation which would be a fair predictor about wherever the market cycle goes.

Thus the above is the right answer.

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