what is the difference between nominal gdp and real​ gdp? part 2 a. nominal gdp is measured in current market prices while real gdp corrects for changes in the overall level of prices from year to year. b. nominal gdp is computed by using the expenditure approach while real gdp is computed by using the income approach. c. nominal gdp is the total value of output produced while real gdp is the amount per individual. d. nominal gdp represents purchasing power while real gdp is measured in terms of current dollars.