Describe the difference between real gdp and nominal gdp.

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asked Apr 6, 2022 215k views

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Mahi Tej Gvp · Answer 1 · 2022-04-11T08:17:42+0000

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.

Describe the difference between real gdp and nominal gdp.

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Describe the difference between real gdp and nominal gdp.