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Real GDP and nominal GDP are both very important calculations made to understand the strength of a country’s economy. The nominal GDP measures the value of total goods and services produced in an economy in current monetary terms, whereas real GDP measures the value of goods and services after removing all inflationary effects.
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Kansas-Nebraska Act
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According to the Constitution, the Russian Federation is divided into 85 federal subjects (constituent units), 22 of which are "republics". Most of the republics represent areas of non-Russian ethnicity, although there are several republics with Russian majority. The indigenous ethnic group of a republic that gives it its name is referred to as the "titular nationality". Due to decades (in some cases centuries) of internal migration inside Russia, each nationality is not necessarily a majority of a republic's population.
