What is nominal GDP measured in?

Name: What is nominal GDP measured in?
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Quizplus · Accepted Answer

Nominal GDP is measured in current-year prices, which means it reflects the current prices of goods and services produced in the economy. This differs from real GDP, which is adjusted for inflation and measured in base-year prices. Quantity of goods produced is not a measure of GDP, but rather a measure of physical output.

What Is Nominal GDP Measured In