What is the difference between GDP (PPP) and GDP (nominal) of a country’s economic net worth? ?

Question

It ALWAYS confuses me! I mean, which figure should I take into consideration when I am look for the economic net worth of country? Please, try to explain it to me in easy terms as I am not an economy major. Thank you. 

Answer 1

Ppp is the price index to make yourNominal GDP a real net worth. It is comparable internationally. GDP nominal is a value of GDP at market price.