Difference between nominal gdp and real …
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Posted by Anil Chettri 5 years, 10 months ago
- 2 answers
Yogita Ingle 5 years, 10 months ago
| Basis | Nominal GDP | Real GDP |
| Meaning | The aggregate financial business value manufactured within a country is known as Nominal GDP | The measure of GDP modified according to the changes in the general price level |
| What is it? | Inflation without GDP | GDP Inflation-adjusted |
| Communicated in | Present year prices | Beginning year prices or regular prices |
| Worth | High | Low |
| Uses | Compares different quarters of a particular year | Compares two or more financial year |
| Financial Growth | Analyzing is not easy | Measures economic growth in an excellent manner |
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Anil Chettri 5 years, 10 months ago
0Thank You