Alright…can someone help me here. For GGM, should we use real growth or nominal.
Reading 16 Equity:
Cobb Douglas given real, and states that real is better for GGM since it less us compare countries, etc.
Reading 15 CME:
Growth rate in nominal terms. Earnings growth rate = GDP Growth Rate + Excess corporate growth.
Should we only use real when given using Cobb to solve? Thanks!