What is the difference between real gdp and nominal gdp?
real gdp is accurate to hundreds of...
History, 28.01.2020 23:41 jacksonthelma82
What is the difference between real gdp and nominal gdp?
real gdp is accurate to hundreds of dollars; nominal gdp is accurate to thousands of dollars.
real gdp allows for depreciation; nominal gdp allows for no depreciation.
real gdp includes nonmarket activities; nominal gdp has no nonmarket activities.
real gdp is based on constant prices; nominal gdp is based on the current year's prices.
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