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real GDP
This term is a technical economic indicator used to distinguish actual growth in output from growth caused by price increases. It is almost exclusively used in formal academic, governmental, and financial contexts to provide a standardized measure of economic health over time.
Because it is a specific economic metric, it is treated as an uncountable noun. It does not have a plural form in standard usage, as it refers to a singular conceptual value for a given entity or period.
Ý nghĩa
The total market value of all final goods and services produced within a country's borders during a specific time period, adjusted for inflation or deflation to reflect the actual volume of production.
The country's real GDP grew by 2% last year, indicating a genuine increase in production despite rising prices.