Nominal Gross Domestic Product

Nominal Gross Domestic Product,

Nominal Gross Domestic Product Definition:

  1. A simple definition of Nominal Gross Domestic Product is: The nominal gross domestic product is gross domestic product (GDP), which has a price at current market prices. GDP is the monetary value of all goods and services produced in a country. Nominal GDP differs from real GDP, which includes changes in prices due to inflation, which reflects the rate of inflation in an economy.

    • Nominal GDP is an estimate of the economic performance of the economy, but takes into account current prices of goods and services.
    • GDP is generally measured in terms of the financial value of manufactured goods and services.
    • Since nominal GDP does not allow prices to suppress the rate of growth when compared from one period to another, it can increase the rate of growth.

Literal Meanings of Nominal Gross Domestic Product


Meanings of Nominal:
  1. (Function or status) is available in name only.

  2. (Price or amount of money) is much less than its original price or value.

  3. (Quantity or dimension, specially manufactured item) is expressed or expressed, but not necessarily according to its original value.

  4. Reports serve as instructions or names

  5. General or acceptable function (especially in relation to space travel).

Sentences of Nominal
  1. Thailand had nominal independence under Japanese occupation

  2. Some companies charge only a small fee for this service.

  3. The nominal weight law allows for deviation (which is printed on each package).

  4. Nominal group

Synonyms of Nominal

peppercorn, in title only, emblematic, token, official, formal, symbolic, ceremonial, in name only, titular


Meanings of Gross:
  1. (Especially bad deeds) are very clear and clearly unacceptable.

  2. (Tax, profit or interest) without deducting all taxes or other contributions.

  3. Too rude or too rude.

  4. Not good or detailed in general.

  5. No taxes or other assistance are withheld.

  6. Generate or receive (amount of money) in the form of profit or gross revenue.

  7. Twelve dozen total 144.

  8. Gross profit or revenue.

Sentences of Gross
  1. Serious human rights violations

  2. The total prize money is $ 1,000

  3. The work we feel we are asked to do with our subordinates is workable and material.

  4. At the overall physical level

  5. If your bond is worth 000 50,000 or more, total interest will be paid

  6. The film grossed $ 8 million in the United States.

Synonyms of Gross

offensive, overall, aggregate, rude, obvious, full, evident, total, bawdy, collect, unseemly, draw, blatant, earthy, risqué, fetch, vulgar, lewd, coarse, complete, obscene, impure, indelicate, ribald, entire, earn, get, whole, indecent, receive


Meanings of Domestic:
  1. In the management of domestic or family relations.

  2. They are present in some foreign or international countries.

  3. Someone who is paid to help with household chores, such as cleaning.

  4. Products that are not made abroad.

Sentences of Domestic
  1. Housework

  2. The current state of US entry

  3. While some churches are trained, they are also dissatisfied when they train young people primarily in general activities, such as domestic ministry.

Synonyms of Domestic

not international, domestic worker, national, cleaner, internal, housemaid, home, local, daily help, servant, private, hired help, home help, not foreign, domestic servant, family, interior, maid-of-all-work, menial, housekeeper, maid


Meanings of Product:
  1. Goods or clothes that are manufactured or better for sale.

  2. Anything or person that is the result of an action or action.

  3. Multiply the amount or the amount obtained from a similar algebraic operation.

Sentences of Product
  1. the meal

  2. Her daughter, the fruit of her first marriage

  3. The total hours claimed on the service order is 63 hours, and the amount charged is only a product of the amount that is many times higher than the hourly rate.

Synonyms of Product

issue, effect, by-product, consequence, result, fruit, item, artefact, object, unit, piece of merchandise, commodity, upshot, product, legacy, spin-off, thing, outcome