Explain why real GDP is a more reliable estimate of economic growth.
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Q137: Suppose you buy a $40,000 BMW from
Q138: If nominal GDP increased during a year,
Q139: GDP is equal to GNP plus depreciation.
Q141: Depreciation is included in Gross National Product
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Q143: Nominal GDP is calculated using a constant
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Q145: Because GDP ignores most transactions that do
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