Once adjusted to remove any effects due to inflation, "real GDP" is revealed. Calculating GDP Based on Spending One way of arriving at GDP is to count up all of the money spent by the different ...
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Real GDP vs. Nominal GDP: Which Is a Better Indicator?Each of these quantities is multiplied by the corresponding current market prices, which is a different approach than that of calculating real GDP. Like real GDP, nominal GDP aggregates these ...
By P. Sudhir The GDP growth figures being officially put out are suspect, given the fact that the calculation is based on an ...
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