Nominal GDP is adjusted for inflation, whereas real GDP is the market or money value of all final goods and services produced by the economy in a given year. the sum of intermediate and final goods and services, whereas real GDP is only the sum of final goods and services. determined in the market, whereas real GDP is computed by a government agency. the market or money value of all final goods and services produced by the economy in a given year, whereas real GDP is adjusted for inflation.

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Business

Damian Erickson

4 May, 10:20

Nominal GDP is adjusted for inflation, whereas real GDP is the market or money value of all final goods and services produced by the economy in a given year. the sum of intermediate and final goods and services, whereas real GDP is only the sum of final goods and services. determined in the market, whereas real GDP is computed by a government agency. the market or money value of all final goods and services produced by the economy in a given year, whereas real GDP is adjusted for inflation.

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Abigayle Cherry · Answer 1

Nominal GDP is the market or money value of all final goods and services produced by the economy in a given year, whereas real GDP is adjusted for inflation.

Explanation:

The nominal gross domestic products includes the value of all the finished and legal goods and services produced within an economy during a certain time period (usually one year).

The real GDP is the nominal GDP adjusted to inflation, it is measured in real dollars.