Gross domestic product involves a calculation of the total, Ask an Expert

Economics

Gross Domestic Product involves a calculation of the total value of the goods and services generated within an economy in a stated or identified time period. The main difference between real GDP and nominal GDP is that nominal GDP does not consider how inflation affects the price of goods over time. What is the best way to measure our economy?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707356

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