The difference between nominal GDP and real GDP is

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asked Feb 18, 2021 100k views

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Antwan · Answer 1 · 2021-02-22T08:25:20+0000

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Real GDP and nominal GDP are both very important calculations made to understand the strength of a country’s economy. The nominal GDP measures the value of total goods and services produced in an economy in current monetary terms, whereas real GDP measures the value of goods and services after removing all inflationary effects.

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The difference between nominal GDP and real GDP is

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