What's the difference between nominal GDP & real GDP ?

Question added by Samer Khatib , Economics Moderator , Bayt.com
Date Posted: 2016/08/28

Upvote (1) Views (4) Followers (3) Answers (2) Report Question

by Tomasz L , Reporting Specialist , Outworking

Real GDP exclude the effect of price changes (inflation, deflation)

by shamsu saidumuhammed , General Manager , Al Madheena Trading And Transport Pvt Ltd

The Normal GDP is Assumed Gross Domestic prodect and The real GDP is Final Gross Domestic Product.

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