Register
Give an example to describe the difference between Nominal and Real GDP.
174k views
2 votes
Give an example to describe the difference between Nominal and Real GDP.

User Mehul Jariwala
by
4.4k points

1 Answer

4 votes

Answer:

Nominal GDP is the GDP without the effects of inflation or deflation whereas you can arrive at Real GDP, only after giving effects of inflation or deflation.

Step-by-step explanation:

User Jigzat
by
4.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.7m answers

Other Questions

Which country did the Soviets provide aid to during the Cold War?
2) Why did Roman soldiers require Sturdy Sandals ? What are they made of?
The clause in the 14th Amendment, "...nor shall any State deprive any person of life, liberty, or property, without due process of law. .." has been used to __________ A. provide for the common defense
What was the quarting act​
Why do you think Hannibal attacked mostly city states that were by the coastline?
Link Copied!