ryknox ryknox
  • 17-04-2020
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Give an example to describe the difference between Nominal and Real GDP.

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RobHun6802
RobHun6802 RobHun6802
  • 17-04-2020

Answer:

Nominal GDP is the GDP without the effects of inflation or deflation whereas you can arrive at Real GDP, only after giving effects of inflation or deflation.

Explanation:

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