Real gross domestic product is often a more accurate reflection of the output of an economy than nominal GDP. By eliminating ...

The difference between nominal GDP and real GDP highlights the importance of understanding inflation. Inflation erodes the purchasing power of money and distorts economic statistics. By adjusting for ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Gross national product (GNP) is a slightly ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Pete Rathburn is a copy editor and ...