Lesson summary: Real vs. nominal GDP (article) | Khan …
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/real-vs-nominal-gdp/a/lesson-summary-real-vs-nominal-gdp
Nominal GDP is a measure of how much is spent on output. For example, in Canada during 2015, CAN $1,994.9 billion was spent on the goods and services … See more •An increase in GDP does not necessarily mean a nation has produced more output; it must be specified whether the GDP in question is nominal or real. An increase in …
•An increase in GDP does not necessarily mean a nation has produced more output; it must be specified whether the GDP in question is nominal or real. An increase in …
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