Macroeconomics
Real GDP
Definition
What is Real GDP?
Gross domestic productThe total market value of final goods and services produced within a country during a period. adjusted for changes in prices.
Example in practice
How This Looks in Practice
Real GDP growth shows whether output increased beyond inflationA sustained increase in the general price level, reducing the purchasing power of money..
Keep learning
Related Terms
Macroeconomics
Gross Domestic Product
The total market value of final goods and services produced within a country during a period.
MacroeconomicsNominal GDP
Gross domestic product measured at current prices without adjusting for inflation.
MacroeconomicsGDP Growth Rate
The percentage change in gross domestic product over a period.
Market SentimentRisk-On Market
A market environment in which investors favour higher-risk assets.