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jonny [76]
1 year 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]1 year 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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What is a delivery gap?
sertanlavr [38]

A delivery gap is,

a. the difference between a firm's service standards and the actual service it provides

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______ buy and sell stolen property as one of the many ways that they make a living. they typically keep some of the profit and
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A group of cotton growers in North Georgia and North Alabama pooled their resources to build a cotton gin and storage area for t
GaryK [48]

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5 0
2 years ago
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The value of x from the equation is 36. Thus, his speeds were 36 miles/h and 45 miles/h. 
4 0
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