How do I convert the nominal to real?

Answer Inflation RateLook up the inflation rate for the time period that you are considering when converting the nominal rate to the real rate. For example, if you were converting the nominal rate of retu... Read More »

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What Is Real GDP & Nominal GDP?

GDP, which stands for gross domestic product, is one of the most-used and important statistics in determining the strength or weakness of a national economy. It is calculated by adding the value of... Read More »

What is real GDP& nominal GDP?

Real and nominal GDP, or gross domestic product, are two related measures of the total output of an economy during a given period of time. The GDP is one of the most important economic indicators.B... Read More »

What is the difference between real and nominal national income and its significance?

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How to Convert Foreign Currency Using the Nominal Exchange Rate?

The nominal foreign currency exchange rate is the rate at which one currency exchanges directly for another currency. When an investor or business has the nominal foreign currency exchange rate, it... Read More »