numerical to show the difference between real gross domestic product and national gross domestic product
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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.
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National GDP is a macroeconomic assessment of value of goods and services using current prices in its measure... The main difference between national GDP and real GDP is the adjustment for inflation. Since national GDP is calculated using current prices it does not require any adjustments for inflation.
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