What is the difference between nominal GDP and real GDP?
a. Nominal GDP considers both production and price variations, while real GDP only consi...
What is the difference between nominal GDP and real GDP?
a. Nominal GDP considers both production and price variations, while real GDP only considers production variations. b. Nominal GDP only considers production variations, while real GDP considers both production and price variations. c. Nominal GDP and real GDP are the same thing.
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