Nominal GDP reflects the raw numbers in current dollars unadjusted for inflation. Real GDP adjusts the numbers by fixing the currency value, thus eliminating any distortion caused by inflation or ...

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more.

Multiple economic factors influence interest rates. Three types of interest rates, including real, nominal, and effective ...

Nominal GDP is usually higher than real GDP because inflation is typically a positive number. Real GDP accounts for changes in market value and thus narrows the difference between output figures ...