When economists talk about growth in the economy,they measure that growth with the

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When economists talk about growth in the economy, they generally measure that growth with the percentage change in real GDP. Real GDP measures the value of goods and services produced in an economy, adjusted for inflation, so it is a better measure of actual economic growth than nominal GDP (which does not take inflation into account). By measuring growth as a percentage change in real GDP, economists can compare growth rates over time and across countries more accurately.

When Economists Talk About Growth in the Economy,they Measure That