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The percent change in nominal gross domestic product (GDP) minus the percent change in price level equals

User Googme
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4 votes

Answer:

Real GDP

Step-by-step explanation:

Nominal GDP less percent change in price levels equals to real GDP

Nominal GDP is GDP calculated using current year prices

Real GDP is GDP using base year prices. it has been adjusted for inflation.

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

User Vuvu
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