The destruction of the Amazon rain forest is a good example of the dubious merits ... For this article, we looked at what's called nominal GDP, which is probably the simplest overall.

For example, Congress could pass legislation ... Domenico Ferraro, PhD: “Nominal GDP is the total value of goods and services produced in a country expressed in units of domestic currency ...

To return to the shoe example, if the nominal value of shoes rose 10 percent over a year, the nominal GDP for that year would reflect a 10 percent increase in shoe output. If the price of shoes rose 8 ...

Any estimate of the GDP (or India’s total economic output) is more like a forecast or an “advance estimate” of where the ...