AP Macroeconomics 2.6: Nominal and Real GDP
Distinguish nominal GDP from real GDP by comparing current and constant prices and recognizing equality in the base year.
- Syllabus
- Effective Fall 2025
- Course
- AP Macroeconomics
MEA-1.I—Define nominal GDP and real GDP question 1
The table provided shows the quantities and unit prices of shirts, bread, and pants, the only
three goods produced in the country of Middleland in 2021 and 2022. Assume that 2021 was the
base year.
Was the real GDP in 2021 in Middleland greater than, less than, or equal to the nominal GDP
in 2021? Explain.
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