Nominal vs. Real GDP | Marginal Revolution University

By Alex Tabarrok on mru.org

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In this step you'll learn about nominal vs. real GDP. Nominal GDP is the market value of all final goods and services produced in a given year while real GDP is adjusted for inflation. Additionally, there is a list of related resources which provides links to timely news articles, engaging classroom activities, and other educator resources. Lastly, there is a signup form for those interested in economics to subscribe.