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.
Read more about Real Gross Domestic Product: Relationship With Nominal GDP, Relationship With Purchasing Power
Famous quotes containing the words real, gross, domestic and/or product:
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