3 years ago

Distinguish between real and nominal Gross Domestic Products?

2 answers:

5 0

Answer:

Nominal Gross Domestic Product refers to the monetary value of all goods and services produced during the year, within the geographical limits of the country. ... Nominal GDP reflects current GDP at current prices. Conversely, Real GDP reflects current GDP at past (base) year prices.

const2013 [10]3 years ago

4 0

Explanation:

Nominal Gross Domestic Product refers to the monetary value of all goods and services produced during the year, within the geographical limits of the country. ... Nominal GDP reflects current GDP at current prices. Conversely, Real GDP reflects current GDP at past (base) year prices.

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