Real GDP removes the effect of price changes and reflects the true volume of production. Hence it is considered the better indicator of economic growth and development of a country than Nominal GDP.
CUET UG 2023 — Economics Macro
Which G.D.P. is the indicator of growth and development of a country?
Verified 13 Jul 2026.
Nominal G.D.P.
National Income
Real G.D.P.
Domestic Income
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