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Kazeer [188]
3 years ago
5

Give an example to describe the difference between Nominal and Real GDP.

History
1 answer:
Fed [463]3 years ago
4 0

Answer:

Nominal GDP is the GDP without the effects of inflation or deflation whereas you can arrive at Real GDP, only after giving effects of inflation or deflation.

Explanation:

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By the time he died. Carnegie had already given 350 million dollars away, and the remaining 30 million was given to foundations and charities.



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