Explain why Nominal and Real GDP growth rates are sometimes different? When can they be the same?
Answers
Answered by
0
Explanation:
Real GDP vs.
Nominal GDP is a macroeconomic assessment of the value of goods and services using current prices in its measure. ... 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.
Answered by
0
Answer:
I don't know this answer
Similar questions