Nominal GDP is the monetary value of output produced in a country for a certain period (a year or quarter), measured at current prices. It contrasts with real GDP, which measures the same output but using constant prices, instead of current prices.
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Nominal GDP is the monetary value of output produced in a country for a certain period (a year or quarter), measured at current prices. It contrasts with real GDP, which measures the same output but using constant prices, instead of current prices.