Fortune Telling Collection - Fortune-telling birth date - How to calculate real GDP with nominal GDP and inflation rate
How to calculate real GDP with nominal GDP and inflation rate
Real GDP= nominal GDP- inflation rate
Real GDP= nominal GDP÷ GDP deflator (refers to the index whose base period is 100).
Nominal GDP = real GDP × GDP deflator
As for the relationship between nominal GDP growth rate and real GDP growth rate, it is
Nominal GDP growth rate =[( 1+ real GDP growth rate) x( 1+ local deflator growth rate) x 100%]- 1.
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