The real GDP growth rate is a more useful measure than the nominal GDP growth rate because it considers the effect of inflation on economic data. The real economic growth rate is a "constant ...

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Data analysis is a fundamental process in any project. However, data can be lumped into different types, with categorical and continuous data seeming almost opposed at first glance. That said, ...

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For example, if nominal GDP rises but real GDP remains ... Businesses and investors also rely on real GDP data for forecasting and planning. Nominal GDP, while helpful for comparing economies at a ...