Social Studies

Real GDP is _____, but nominal GDP is not. total output adjusted for price changes total income The price of money that is borrowed or saved is called _____. real GDP the market value an interest rate

(1) Answers

1) The difference between the real and the nominal GDP is that real GDP is adjusted for inflation or prize changes so here the answer is "adjusted for prize changes" 2) The prize of money borrowed or saves, as paid to or by the bank that borrows or keeps the money is called the interest rate. 

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