Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, ...
GDP growth target is the expected rate of increase for a country's Gross Domestic Product (GDP). Governments and central banks set this target for a specific period. It is part of broader economic ...
Before the budget is presented in Parliament, it is important to understand some important terms that frequently come up during budget speeches. Here's a simple explanation of some terms.