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Imagine that you were reading an international marketing text in which you learned
that the GDP for a nation that was a member of the former Soviet Union was $1.56
billion. A few pages later in the same text, the book states that that nation's real GDP
was $800,000. From reading this information, you would know that:

Respuesta :

Answer: this former member of the Soviet Union had a high rate of inflation

Explanation:

Real GDP refers to the measuring of the gross domestic product of a country after it has been adjusted for inflation. On the other hand, the nominal GDP hasn't been adjusted for inflation and makes use of current prices.

Since the real GDP is $800,000 while the other GDP given is $1.56 billion, then it can be infered that this former member of the Soviet Union had a high rate of inflation. This is because when there's inflation, the average of all the prices of the goods and services will rise which is depicted by the difference in the GDP given.

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