nevaehwilsonhuerta
nevaehwilsonhuerta nevaehwilsonhuerta
  • 23-04-2021
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contestada

describe the difference between real gdp and nominal gdp.​

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brintnatrose
brintnatrose brintnatrose
  • 23-04-2021

Explanation:

Real GDP takes into consideration adjustments for changes in inflation. ... 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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