Differentiate between nominal Gross Domestic Product and real Gross Domestic Product

      

Differentiate between nominal Gross Domestic Product and real Gross Domestic Product

  

Answers


Dana
Nominal Gross Domestic Product is the Gross Domestic Product figure that is computed without adjusting it for inflationary pressure but just considering the prices of goods and services for that year while real Gross Domestic Product is the Gross Domestic Product figure that is computed after adjusting for inflationary pressure

Dana05 answered the question on July 3, 2019 at 11:01


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