Give an example of something that would increase GDP but would be considered undesirable and explain why. Explain the difference between real GDP and nominal GDP including which is used by economists to measure economic well-being and why they use it.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
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Give an example of something that would increase GDP but would be considered undesirable and explain why. Explain the difference between real GDP and nominal GDP including which is used by economists to measure economic well-being and why they use it.  

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