What is the difference between real and nominal gdp


Problem

What is the difference between real and nominal GDP? How do you compare GDPs over time within an economy? How do you compare GDPs across different economies?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What is the difference between real and nominal gdp
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