The number reached by valuing all the productive activity within the country at a specific year's prices. When economic activity of two or more time periods is valued at the same year's prices, the resulting figure allows comparison of purchasing power over time, since the effects of inflation have been removed by maintaining constant prices.
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Real Gross Domestic Product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e., inflation or deflation).
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Nominal GDP is GDP evaluated at current market prices. Therefore, nominal GDP will include all of the changes in market prices that have occurred during the ...
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1 day ago ... In the second quarter, real GDP increased 1.3 percent. ... In the advance estimate , the increase in real GDP was 2.0 percent (see "Revisions" ...
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Series: GDPC1, Bil. of Chn. 2005 $, Quarterly, 1947:Q1 to 2012:Q3, SAAR, FRED : Download, graph, and track economic data. Tags: nipa, real, bea, gdp, ...
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Oct 26, 2012 ... Earlier today we learned that the Advance Estimate for Q3 real GDP came in at 2.0%, up from the Q2 Third Estimate of 1.3%. Let's now review ...