Is GDP the economy as a whole or GDP that accounts for inflation

Question

asked Oct 16, 2024 76.0k views

1 Answer

Gary Gale · Answer 1 · 2024-10-20T04:39:00+0000

Answer: Real GDP tracks the total value of goods and services calculating the quantities but using constant prices that are adjusted for inflation. This is opposed to nominal GDP, which does not account for inflation.

Is GDP the economy as a whole or GDP that accounts for inflation

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions