Econ Growth Theory; One of the problems with comparing real GDP over time is that some products exist today that did not exist in the past. And some products that existing in the past do not exist today. Why does this create a problem for calculating real GDP over time?
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Question 1 One of the problems with comparing real GDP over time is that some products exist today that did not exist in the past. And some products that existing in the past do not exist today. Why does this create a problem for calculating real GDP over time? A Products in the past were of higher quality. B We do not have a price for the missing products in years they do not exist. C Products that got introduced more recently have more features.
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