Question

What is the difference between GDP nominal and GDP PPP ?

Answer 1

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GDP (nominal) vs GDP (PPP) GDP (Gross Domestic Product) is the total market value of all final goods and services produced in a country in a given period. ... In Nominal method, market exchange rates are used for conversion. It does not take into account differences in the cost of living in different countries.

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Answer 2

Answer:

GDP (nominal) vs GDP (PPP) GDP (Gross Domestic Product) is the total market value of all final goods and services produced in a country in a given period. ... In Nominal method, market exchange rates are used for conversion. It does not take into account differences in the cost of living in different countries.