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What do you understand by the term "Nominal GDP"? |
GDP which is adjusted to inflation GDP which is not adjusted to inflation GDP which is adjusted to employment GDP which is not adjusted to employment |
GDP which is not adjusted to inflation |
Nominal Gross Domestic Product (Nominal GDP) is the total market value of all goods and services produced in a country’s economy over a given period. Unlike other GDP measurements like "Real GDP", nominal GDP is not adjusted to inflation or deflation witnessed in the economy. |
