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mestny [16]
3 years ago
6

Why do economists adjust gdp for inflation and what is this adjusted gdp called?

History
1 answer:
zalisa [80]3 years ago
6 0
Real gross domestic product<span> (</span>GDP<span>) is an </span>inflation-adjusted<span> measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices, and is often referred to as "constant-price," "</span>inflation<span>-corrected" </span>GDP<span> or "constant dollar </span>GDP<span>."</span>
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