Discuss the government's policy stance when Real GDP is more than Natural Real GDP?
- Posted:
- 3+ months ago by kathir
- Topics:
- natural, government, real, stance
Answers (1)
If this is a homework question, you just have to read the book and find the answer given there. In real life, GDP figures are ALWAYS lies*, and policy is not dependent on GDP figures.
*GDP figures are calculated by an office following appointed procedures and they are exact according to those procedures. But they have so many procedures that an official can get any number he wants and call it the official GDP.