Question: What is the difference between the real and nominal measures of GDP ? Real GDP includes both goods and services, while nominal only counts goods
What is the difference between the real and nominal measures of GDP
Real GDP includes both goods and services, while nominal only counts goods
Real GDP includes intermediate goods, while nominal does not
Real GDP adjusts for inflation, while nominal does not
Real GDP does not include imports or exports, while nominal does
Real GDP is measured net of taxes, while nominal is measured before taxes
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