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Explain the main difference between real gdp and nominal gdp

Discussion Board

In your own words, answer/address the following items:

• Why are only final goods and services included in the calculation of GDP?

• Explain the main differences between Real GDP and Nominal GDP.

• Explain at least two limitations of the Real GDP.

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Explain the main difference between real gdp and nominal gdp

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