What do we call gross domestic product adjusted for inflation?

Gross Domestic Product (GDP) adjusted for inflation is referred to as Real GDP. This measure accounts for changes in price levels, allowing for a more accurate reflection of an economy’s size and how it’s growing over time. By removing the effects of inflation, Real GDP provides a clear view of economic performance by indicating actual increases in production and not just the changes in prices. This distinction is vital for economic analysis and policy-making since it helps in comparing economic output across different time periods without the distortions that inflation can introduce.

Nominal GDP, on the other hand, measures a country's economic output without adjusting for inflation, making it susceptible to misleading comparisons over time. Operating GDP and Adjusted Net GDP are not standard terms recognized in economic literature related to GDP, reinforcing Real GDP’s significance as the appropriate measure when accounting for inflation.