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rosijanka [135]
3 years ago
10

What do we call GDP that uses constant, unchanging prices?

History
1 answer:
densk [106]3 years ago
5 0
GDP that uses constant unchanging prices is called real GDP. Real Gross Domestic Product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes. This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output.
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