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If you pound a feather with a hammer, which one feels a greater force?
Percentage Change
A mathematical calculation that represents the degree of change over time, expressed as a fraction of the original value.
Nominal GDP
The market value of all final goods and services produced within a country in a year, measured in current prices.
GDP Deflator
An appraisal method for the prices of all newly developed, domestically produced, consumable goods and services in an economy.
Real GDP
Real GDP measures the value of all final goods and services produced within a country in a given period of time, adjusted for inflation, providing a more accurate picture of an economy's size and how it's growing over time.
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