This Economic Letter discusses a topic that at first glance appears to be boring and technical but that in fact turns out to be quite important: the proper interpretation of chain-weighted data. To ...
Nominal means unadjusted for inflation or simply a face value in finance. Nominal fees are minor compared to the main product or service cost. Market values of stocks and bonds can differ ...
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What is GDP? Types and how it is calculated
As you all know, Gross Domestic Product (GDP) is an important economic term that is used to represent the final value of goods and services produced within a country’s borders in a specific period of ...
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