Which of the following statements about nominal GDP and real GDP is accurate?
A.
Nominal GDP is a better gauge of economic well-being than is real GDP.
B.
Real GDP is a better gauge of economic well-being than is nominal GDP.
C.
Real GDP and nominal GDP are equally good measures of economic well-being.
D.
Whether real GDP or nominal GDP is a better measure of economic well-being depends on the mix of goods and services.