Q: How is GDP and its growth measured ; by $ amount or # of units ?
For example, if GDP growth is 3.1 % dollar growth but inflation is 5.1% is the economy not contracting?
Unit measurement seems to be the more accurate measurement.
Thanks. Derek
For example, if GDP growth is 3.1 % dollar growth but inflation is 5.1% is the economy not contracting?
Unit measurement seems to be the more accurate measurement.
Thanks. Derek