As you all know, Gross Domestic Product (GDP) is an important economic term that is used to represent the final value of goods and services produced within a country’s borders in a specific period of ...

Nominal GDP is an assessment of economic production ... of an economy and boosts employment levels. The net exports formula subtracts total exports from total imports (NX = Exports - Imports).

Nominal GDP is the total value of goods and services ... of price changes on gross domestic product. The price deflator formula establishes a base year and compares current prices to the base ...