Principles of Macroeconomics (Video)

Nominal vs. Real GDP


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"Are you better off today than you were 4 years ago? What about 40 years ago?"
These sorts of questions invite a different kind of query: what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not?...
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Principles of Macroeconomics (Video)By Marginal Revolution University