Do you think macroeconomists care more about the performance of real macroeconomic variables or nominal ones?
- College Essay Examples
- July 26, 2023
Economists use performance which gives the actual gross domestic product (GDP) rather than nominal GDP to determine the economic progress of an economy. Thus, they care more about real macroeconomic variables. Macroeconomic variables are quantified through real figures of the output of goods and services of a nation (Cohen & Burinskas, 2020). Changes in prices […]
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