Question

What is Real GDP??? ​

Answer 1

Real GDP is a measure of a country's gross domestic product that has been adjusted for inflation. Contrast this with nominal GDP, which measures GDP using current prices, without adjusting for inflation.

Answer 2

Answer:

Real gross domestic product is a macroeconomic measure of the value of economic output adjusted for price changes. This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output

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