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AP Macroeconomics > 2.6: Real vs Nominal GDP > Flashcards

2.6: Real vs Nominal GDP Flashcards

1
Q

Nominal GDP

A

Unadjusted GDP

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2
Q

Real GDP

A

Nominal GDP adjusted for inflation and deflation

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3
Q

GDP Deflator

A

A measurement used to determine price inflation or deflation in relation to a specific year

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4
Q

Real GDP per Capita

A

A measure of a country’s output per person

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AP Macroeconomics (23 decks)

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