（Please use input method. 250 words if possible.）
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Please Use Input Method 250 Words If Possible Recommended Sources Retrieved From Module 4 1 (13.29 KiB) Viewed 40 times
You have learned about one of the most important macro indicators that are used to measure the economic performance, Gross Domestic Product (GDP). GDP is the defined as the market value of all final goods and services produced in an economy during a certain period (e.g., 3 months or quarter). Please address the following question in this discussion forum by choosing only one of the countries/graphs (shown in the thread). • What is the difference between nominal and real GDP? • Identify them in the graph (only one graph). • Which one is the base year? • What happens to real and nominal GDP during the base year?
China • What is the difference between nominal and real GDP? Identify them in the graph (only one graph). • Which one is the base year? • What happens to real and nominal GDP during the base year? 15 000 B 12 500 B 10 000 B 7 500 B 5 000 B 2 500 B OB 2002 4 2002 2004 Country: China Source: World Development Indicators Created on: 06/22/2022 2006 2006 2008 2010 2010 2012 COLLAPSE →→ GDP (constant 2015 US$) →GDP (current US$) 2014 2014 2016 2018 2018 2020 2021
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