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English definition of “real GDP”

real GDP

noun [U]    
ECONOMICS, FINANCE the total value of goods and services produced in a country in a particular year , taking inflation into account : real GDP grows at/by 2.5%/5%, etc. Figures published this week show that real GDP grew by 2.3% in the final quarter of last year . Real GDP per head has fallen by 12% in the past three years . real GDP growth
(Definition of real GDP noun from the Cambridge Business English Dictionary © Cambridge University Press)
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