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  1. Is real GDP a better index of economic performance than GDP?

    Learn why real GDP is a better index for expressing the output of an economy, as it takes into account the factors that distort ...
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    Learn about the purposes for which economists rely on real GDP. Find out how real GDP is calculated and how it is important ...
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    Find out the difference between GDP and GNP, and how each brings a different perspective to the meaning of economic success.
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