Calculating the nominal GDP as opposed to the real GDP helps clarify actual
A. revenue earned in past quarters.
B. measure of input in terms of actual revenue.
C. earnings achieved ...
... through outsourced labor.
D. measure of output in terms of actual dollar value.
Given that GDP is defined as the value of currently produced goods and services, changes in GDP can result from changes in prices and/or changes in outputs. [ Positive growth in GDP due to ...
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