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OFFICIAL PORTAL OF THE
MINISTRY OF INVESTMENT, TRADE AND INDUSTRY
Home- About MITI
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Nominal GDP
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- Nominal GDP
Gross domestic product (GDP) evaluated at current market prices
Nominal values of GDP from different time periods can differ due to changes in quantities of goods and services and/or changes in general price levels. As a result, taking price levels (or inflation) into account is necessary when determining if we are really better or worse off when making comparisons between different time periods.
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