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EXPLAINED | Nominal GDP vs Real GDP: What's the difference? Which is a better marker to understand economical health?

The Ministry of Statistics and Programme Implementation (MoSPI) last week released the economic growth data for the first quarter - covering months of April, May and June of the current financial year ...

Interest Rates Explained: Nominal, Real, and Effective

Reviewed by Erika Rasure Fact checked by Vikki Velasquez Multiple economic factors influence interest rates. Three types of interest rates, including real, nominal, and effective affect consumers' ...