Price Index A Price Index is a measure of the average level of prices. So when we see a news…
Nominal GDP Nominal GDP is simply the value of all final goods and services produced in a country or in…
What is the Gross Domestic Product (GDP)? Have you Ever thought how an economic activity is measured in a country?…
The widespread measure of the total output in a country’s economy is called GDP (Gross Domestic Product). GDP is basically…