Real GDP is the value of the final goods and services produced in a given year; It is expressed in terms of the prices in base year.
<h3>GDP (Gross Domestic Product)</h3>
GDP simply means Gross Domestic Product and it is defined as the total monetary or market value of all the final goods and services that were produced within a country for a particular year.
Now, GDP is a very good measure of domestic production because it functions as a valuable scorecard tool of the strength of a country's economy.
This GDP is usually expressed in terms of the prices in base year.
Read more about GDP at; brainly.com/question/2019431
