mdaniellee15 mdaniellee15
  • 13-04-2020
  • History
contestada

The difference between nominal GDP and real GDP is

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marwastanekzay
marwastanekzay marwastanekzay
  • 13-04-2020

Answer:

Real GDP and nominal GDP are both very important calculations made to understand the strength of a country’s economy. The nominal GDP measures the value of total goods and services produced in an economy in current monetary terms, whereas real GDP measures the value of goods and services after removing all inflationary effects.

Explanation:

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shawncraig2121 shawncraig2121
  • 21-12-2021

Answer:

The correct answer is A: the prices used in the calculations

Explanation:

Just took it on USATestPrep

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