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Investments glossary

Real Gross Domestic Product (GDP)


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Chains are chains even if made of gold, they just tie you.

— Patrick Mahony

Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices, and is often referred to as constant-price, inflation-corrected GDP, or constant dollar GDP. Unlike nominal GDP, real GDP accounts for changes in price levels and provides a more accurate figure of economic growth.

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