1. Contrast the ideas of nominal and real GDP. Why is one more reliable than the other for comparing changes in the standard of living over a series of years? Compare 1980 and 2020, using one of the methods I’ve
1. Contrast the ideas of nominal and real GDP. Why is one more reliable than the other for comparing changes in the standard of living over a series of years? Compare 1980 and 2020, using one of the methods I’ve