Describe the difference between real gdp and nominal gdp.

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asked Jun 23, 2022 42.7k views

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Uolot · Answer 1 · 2022-06-28T01:33:46+0000

Answer:

Nominal GDP measures a country's gross domestic product using current prices, without adjusting for inflation. Contrast this with real GDP, which measures a country's economic output adjusted for the impact of inflation.

Describe the difference between real gdp and nominal gdp.

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Describe the difference between real gdp and nominal gdp.