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27 April, 17:46

Why do economists adjust gdp for inflation and what is this adjusted gdp called?

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  1. 27 April, 18:14
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    Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices, and is often referred to as "constant-price," " inflation - corrected" GDP or "constant dollar GDP."
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