straylay123
straylay123 straylay123
  • 04-07-2021
  • Business
contestada

please help me,its economics, what is the other for real GDP and nominal GDP​

Respuesta :

tantantantan15
tantantantan15 tantantantan15
  • 04-07-2021

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.

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