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

Analysis Production Economics
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Question added by Samer Khatib , Economics Moderator , Bayt.com
Date Posted: 2016/08/28
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Tomasz L
by Tomasz L , Reporting Specialist , Outworking

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

shamsu saidumuhammed
by shamsu saidumuhammed , Sales Representative , ABIC Metals Trading LLC

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

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