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  2. Real gross domestic product - Wikipedia

    en.wikipedia.org/wiki/Real_gross_domestic_product

    Real GDP is an example of the distinction between real and nominal values in economics.Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region, usually a country; this depends on the quantities of goods and services produced, and their respective prices.

  3. Real and nominal value - Wikipedia

    en.wikipedia.org/wiki/Real_and_nominal_value

    Gross domestic product (GDP) is a measure of aggregate output. Nominal GDP in a particular period reflects prices that were current at the time, whereas real GDP compensates for inflation. Price indices and the U.S. National Income and Product Accounts are constructed from bundles of commodities and their respective prices.

  4. Economic graph - Wikipedia

    en.wikipedia.org/wiki/Economic_graph

    An example of real GDP (y) plotted against time (x).Often time is denoted as t instead of x. The IS curve moves to the right if spending plans at any potential interest rate go up, causing the new equilibrium to have higher interest rates (i) and expansion in the "real" economy (real GDP, or Y).

  5. GDP: Definition, Examples and Economic Usage - AOL

    www.aol.com/news/gdp-definition-examples...

    Continue reading ->The post GDP: Definition, Examples and Economic Usage appeared first on SmartAsset Blog. Gross domestic product (GDP) measures the market value of all goods and services a ...

  6. Chained volume series - Wikipedia

    en.wikipedia.org/wiki/Chained_volume_series

    A chained volume series is a series of economic data (such as GDP, GNP or similar kinds of data) from successive years, put in real (or constant, i.e. inflation- and deflation-adjusted) terms by computing the aggregate value of the measure (e.g. GDP or GNP) for each year using the prices of the preceding year, and then 'chain linking' the data together to obtain a time-series of figures from ...

  7. Gross domestic income - Wikipedia

    en.wikipedia.org/wiki/Gross_domestic_income

    For oil-export-dependent economies, there could be substantial differences between real GDP and real GDI, due the effect of oil price volatility on the purchasing power in those countries. [1] [2] In the United States National Income and product accounts, the word GDI is use to define GDP calculated with income data rather than expenditure data ...

  8. Measures of national income and output - Wikipedia

    en.wikipedia.org/wiki/Measures_of_national...

    Gross domestic product (GDP) is defined as "the value of all final goods and services produced in a country in 1 year". [3] Gross national product (GNP) is defined as "the market value of all goods and services produced in one year by labour and property supplied by the residents of a country." [4]

  9. Gross domestic product - Wikipedia

    en.wikipedia.org/wiki/Gross_Domestic_Product

    Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [ 4 ] [ 5 ] [ 6 ] GDP is often used to measure the economic health of a country or region. [ 3 ]