1 / 3

Real Vs. Nominal GDP

Real Vs. Nominal GDP. A distinction between Nominal GDP and Real GDP allows us to measure the actual changes in production, separate and apart from any price changes that may have occurred in the economy during the year. Real Vs. Nominal GDP. Nominal GDP :

etana
Download Presentation

Real Vs. Nominal GDP

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Real Vs. Nominal GDP A distinction between Nominal GDP and Real GDP allows us to measure the actual changes in production, separate and apart from any price changes that may have occurred in the economy during the year.

  2. Real Vs. Nominal GDP • Nominal GDP: The total market value of all the final goods and services produced within an economy in a given year. The value of GDP in current dollar. • Real GDP: A measure of GDP that adjusts for changes in prices. The value of GDP in constant dollar.

  3. GDP Deflator An index that measures how the prices of goods included in GDP change over time.

More Related