Register
Describe the difference between real gdp and nominal gdp.​
215k views
2 votes
Describe the difference between real gdp and nominal gdp.​

User Michal Gajdos
by
4.1k points

1 Answer

3 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.

User Mahi Tej Gvp
by
4.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.7m questions

6.2m answers

Other Questions

Is there a correlation between the size of an empire and the amount of power it holds in the world?
Thomas Edison Is considered one of the greatest investors because he was responsible for
Which of the following was a cause of the French and Indian War? A Arguments about the prices Indians were paid for the furs they trapped for the British B Disagreements between the French and British
President dwight eisenhower said, "even if [vice president] nixon and i were not good friends, i would still have him in every important conference of government, so that if the grim reaper [death] would
What is some nigerian history
Link Copied!