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8:04
Khan Academy
Sal Khan
Khan Academy
Nominal GDP measures output using current prices, while real GDP measures output using constant prices. We can explore how price changes can distort GDP using a visual representation of GDP.
Feb 14, 2012
GDP Explained
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9.8K views · 114 reactions | If you’re interested in business, economics, or international affairs, understanding GDP is vital. Here's what GDP is, how to calculate it, and why it’s important: https://hbs.me/4z84hccr | Harvard Business School Online | Facebook
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