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Real and Nominal GDP - Antilles Economics...Barbados GDP Dashboard Long-Stay Tourist Arrivals per Month Real and Nominal GDP Performance for the Month Industry GDP Forecasts Nov-09
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PART I: GDP - Saylor Academy · Using Prices to distinguish between Nominal and Real Variables • Nominal GDP is output valued at Current Prices • Comparing Nominal GDPs over time
How does nominal GDP differ from real GDP?. Nominal = measures current prices Real = measured in constant/unchanging prices
NOMINAL GDP For 2013 GDP we use prices paid in 2013. GDP at current prices