Using this nominal GDP calculator, you can easily compute the aggregate domestic output of a certain country.
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The value of all final goods and services produced within a country’s boundaries at current market prices is measured by nominal GDP, or nominal gross domestic product. Nominal GDP, unlike other measures of GDP, is not adjusted to account for price fluctuations due to inflation and deflation.
Nominal GDP Calculator Use
- This online calculator is incredibly easy to use.
- Enter the values of private consumption, gross investment, government investment, and total exports and imports into their respective fields in the above calculator.
- The calculator will automatically calculate the GDP from the entered data.
Nominal GDP Formula
The formula to calculate the nominal GDP is mentioned below: