What is the difference between Nominal GDP and Real GDP 1.11K viewsJanuary 3, 2024 Question90.91K March 4, 2020 0 Comments I don’t know why I can’t grasp this concept someone please help me out here In: Economics 2 Answers ActiveNewestOldest Anonymous Posted March 4, 2020 0 Comments Real is adjusted for inflation, nominal is in the subject year’s dollars. If you want to compare GDP today vs GDP in 1960, you would want to use Real GDP, because $1 in 1960 is worth more than $1 today. You are viewing 1 out of 2 answers, click here to view all answers. Register or Login
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