Definitions for "real GDP"
Related Terms:
Real gross domestic product, Gross domestic product, Gdp, Deflator, Gdp deflator, Gross national product, Economic growth, Gnp, Implicit price deflator, Net domestic product, Net national product, Aggregate supply, Economic growth rate, Deflate, Aggregate demand, Economic indicator, Economic indicators, Stagflation, Hyperinflation, Value added, Consumer price index, Retail price index, Potential output, Demand-pull inflation, Monetarism, Underlying inflation, Inflation, Overheating, Real, Producer surplus, Industrial production index, Cpi, Inflation rate, Constant dollars, Multiplier, Gross national income, Total factor productivity, Producer price index, Industrial production, Monetarist, Recession, Purchasing power, Purchasing power parity, Rpi, Cost, Retail prices index, Marginal product, Real income, Ppi
Real GDP reflects Gross Domestic Product that has been controlled for the effects...
The value of GDP in constant (that is, inflation-adjusted) dollars, which is used as a measure of the nation's final output.
The real counterpart to nominal GDP, obtained by valuing output in a given year by prices from another year, called the base year.
Real GDP is the level of GDP after changes in inflation have been taken into account. See also Real terms.
a measure of the quantity of goods and services produced, adjusted for price changes
A measure of the quantity of the goods and services that can be bought with the income of all the individuals in the economy in a year. It is measured as the value of the goods and services produced in a year when output is valued in base-year prices.
Inflation-adjusted measure of Gross Domestic Product.
the real value of all final goods and services produced in the economy, measured in dollars adjusted for inflation
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 comparisons of purchasing power over time, since the effects of inflation have been removed by maintaining constant prices.
Gross Domestic Product once distortions due to inflation are factored out. Usually Real GDP is calculated using some particular year as a base price. (The term "real" usually refers to removing the effect of inflation on some number; we can also speak of "real wages" in the same way.)
measures the value of current total production using fixed prices (former prices of a base year).
Gross Domestic Product which is calculated and adjusted for inflation.
A calculation of national accounts adjusted for inflation so that it measures the volume of production, rather than value. The total value of production is nominal GDP. Comprehensive figures are published every three months, and are adjusted to smoothe the effects of seasonal changes in the economy. A separate monthly series of seasonally adjusted GDP accounts provide a more frequent monitor of economic activity. At one time, gross national product (GNP) was the conventional measure of economic expansion. The major differences between the two yardsticks are that GDP does not include returns from Canadian investments abroad, but does include the returns from foreign capital invested here. GNP includes goods and services produced by Canadians abroad, but doesn't include returns to non-residents from Canadian investments in other countries.
GDP(gross domestic product) adjusted for inflation. Real GDP provides the value of GDP in constant dollars, which is used as an indicator of the volume of the nation's output.