Q what do you meant by real gdpreal gdpvalue of total gross, Ask an Expert

Economics

Q. What do you meant by Real GDP?

Real GDP:Value of total gross domestic product (which is, all the services and goods produced for money in the economy) adjusted for effects of inflation. Theoretically real GDP represents physical quantity of output.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9579424

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