Economics GCSE
Real GDP
What Real GDP means in Economics GCSE, as defined for AQA.
Definition of Real GDP
Check what you remember
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Reference: AQA
A measure of output that is adjusted for inflation, providing a more accurate measure of actual output changes than nominal GDP.
Topics that use Real GDP
- Economic growth (AQA GCSE)
Related terms
- Externalities
- Factors of production
- Fiscal policy
- GDP per capita
- Inflation
- Monetary policy
- Supply-side policies
- Nominal GDP
Using Real GDP in the exam
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