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Please help me,its economics, what is the other for real GDP and nominal GDP​
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36 votes
36 votes
Please help me,its economics, what is the other for real GDP and nominal GDP​

User InsertKnowledge
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12 votes

Answer:

The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices, it does not require any adjustments for inflation. ... Using a GDP price deflator, real GDP reflects GDP on a per quantity basis.

User Piraces
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