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Reply #3: Reported growth is AFTER inflation. [View All]

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BillZBubb Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-30-05 01:21 PM
Response to Original message
3. Reported growth is AFTER inflation.
In economics, there are two sets of numbers: Nominal and Real. Nominal is the actual values in the series, Real is the same set of numbers adjusted for inflation.

The GDP number given is always the Real (Inflation adjusted) number.

Do be careful, though, because Freeptards are very fond of citing Nominal numbers whenever the Real numbers go against them.
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