Describe the difference between real gdp and nominal gdp.​

Explanation:

The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices, it does not require any adjustments for inflation.

Difference between Real GDP and Nominal GDP is the adjustment for inflation.

c. free trade can lead to low pay for workers in poorer countries.

the exodus of these people from constantinople contributed to the revival of greek and roman studies, which led to the development of the renaissance in humanism and science. byzantine emigrants also brought to western europe the better preserved and accumulated knowledge of their own greek civilization