Business, 27.08.2019 22:30 AshlynPlayz45

The major difference between nominal gdp and real gdp is: nominal gdp measures the value of output with constant output levels, while real gdp measures output using current-year output levels. nominal gdp measures the value of output with current-year output levels, while real gdp measures output using constant output levels. nominal gdp measures the value of output in current-year prices, while real gdp measures output using constant prices. nominal gdp measures the value of output in constant prices, while real gdp measures output using current-year prices.

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The major difference between nominal gdp and real gdp is: nominal gdp measures the value of output...