Distinguish between real and nominal gross domestic product with suita – InterviewSolution

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1.	Distinguish between real and nominal gross domestic product with suitableexamples
Answer» tion:Nominal GDP is the GDP calculated at the CURRENT market priceReal GDP adjusts for price changes due to inflation or DEFLATION. Eg: if real GDP rises 2% during a year and the inflation rate is 1% nominal GDP would be2% + 1%= 3%HOPE it helpsmark as BRAINLIEST

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