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23 November, 12:50

What do we call gdp that uses constant unchanging prices?

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  1. 23 November, 13:04
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    GDP that uses constant unchanging prices is called Real GDP. Real Gross Domestic Product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i. e., inflation or deflation). This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output
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