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Nominal GDP
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masterclass.com
Economics 101: What Is Nominal GDP? Learn How to Calculate Nominal GDP and the Differences Between Nominal GDP and Real GDP - 2026 - MasterClass
Nominal GDP measures a country’s total economic output (goods and services) as valued at current market prices. Nominal GDP offers a snapshot of a national economy’s value but since it uses current market prices it is greatly influenced by inflation. ## What Is Nominal GDP?Nominal GDP, or nominal gross domestic product, is a measure of the ...
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