Economy, asked by Harshita4032, 6 months ago

What are the diffrence between real gdp and nominal gdp

Answers

Answered by surabhiarora2006

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. ... Using a GDP price deflator, real GDP reflects GDP on a per quantity basis.

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