GDP (Gross Domestic Product) is one of the most important metric in measuring economic position of any country. It is calculated as market value of all goods and services produced over a period of time (often annual).
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Difference between Real and Nominal GDP
In this video, we will learn key difference between real and nominal GDP
India is ranked among top 5 nations in GDP performance. But often a time, GDP is classifieds into Nominal GDP, PPP GDP, Per Capital GDP. In this article, we have tried to explain key difference between all the different variants of GDP, and how they are measured and where they are used mainly.
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