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vredina [299]
3 years ago
9

What is the difference between real GDP and nominal GDP?

History
1 answer:
Rina8888 [55]3 years ago
4 0
Nominal GDP is the market value of goods and services produced in an economy undigested for inflammation. Real GDP is nominal GDP, adjusted to reflect changed in real output. The main difference between nominal GDP in real GDP is the adjustment for implantation since nominal GDP is calculated using current prices it does not require any adjustments for inflation.
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