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6 February, 15:45

What is gdp expressed in constant, or unchanging, prices called?

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  1. 6 February, 19:30
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    The GDP expressed in constant, or unchanging prices is called real GDP.

    Real GDP or Real Gross Domestic Product is the measurement of the value of economic output modified for the changes of prices like inflation or deflation. This modification will transform the measure of the money-value, nominal GDP, into an index intended quantity of total output.
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