Answer: See explanation
Explanation:
Real gross domestic product is simply refered to the economic output of a particular country which has been adjusted for price changes as inflation was taken into consideration.
Nominal gross domestic product is the measurement of the gross domestic product of a particular country which makes use of current prices, and isn't inflation adjusted.
The issue that may arise when nominal gross domestic product was used instead of real gross domestic product is that the nominal GDP leads to the inflation of the growth figure in the economy. This is because the nominal GDP doesn't take inflation into effect.
This leads to the misleading of the GDP since there'll be an overstatement of the GDP even though it was actually a rise in the inflation rate for the particular economy.
<span>Despite the fact that
China's agriculture output is the biggest on the planet, just around 15% of its
total land zone can be used to cultivate. China's arable land, which makes
about 10% of the total arable land on the planet, supports more than 20% of the
total populace.</span>
