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3 April, 08:41

There are two ways to express GDP, Nominal GDP and Real GDP. What is the difference between the two?

A. Real GDP adjusts for inflation while Nominal GDP includes inflation.

B. Real GDP includes price increases while Nominal GDP does not include price increases.

C. Real GDP includes more goods and services in its calculation than Nominal GDP.

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  1. 3 April, 09:33
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    C. Real GDP includes more goods and services in its calculation than Nominal GDP.
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