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jonny [76]
2 years ago
12

Nominal gdp is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over t

ime because:________
Business
1 answer:
shepuryov [24]2 years ago
4 0

Nominal GDP is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over time because prices change.

Nominal GDP is an indicator used to understand a country's economy. It measures the current value of production of a country. But it cannot be considered as a good measure. One important drawback of Nominal GDP is that it cannot be used to make comparisons of production prices over time because it doesn't take inflation into account.

Nominal GDP works only with current prices and the price changes will not be seen when calculated through years.

So Real GDP is considered for comparisons of product prices over time.

Learn more about Nominal GDP at brainly.com/question/8151973

#SPJ4

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3. Job security

Hope that helps :)

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A bureaucracy

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This is achieved through established processes and ways of interaction between staff.

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3 0
3 years ago
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