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This world is real, very real. but Albert Einstein did say (probably not in these words)that everything is imaganary. but whether it is or is not real will make no difference to your life or life style (probably).
...those aren't real words.
It is measured by Real GDP, the reason is because you cant just say GDP. GDP consists of nominal and real GDP, nominal GDP does not include prices at different constants in other words it just uses one base price for all the different times, whereas real GDP consists of varying price levels at different times. Real GDP
Potential GDP is the highest level of Real GDP that could persist for a substantial period with raising the rate of inflation. In other words, it is the real value of the services and goods that can be produced when a country's factors of production are fully employed. Real GDP is the Gross Domestic Product in constant prices. It is a nation's total output of goods and services, adjusted for price changes.
It is real only if you believe it is. If it's not real your dellusional.