Example calculating real GDP with a deflator
5:39
Khan AcademySal Khan
Example calculating real GDP with a deflator
To use the GDP deflator to convert nominal GDP to real GDP, you can follow these steps: 1. Find the nominal GDP for the year you're interested in. 2. Find the GDP deflator for that year. 3. Divide the nominal GDP by the GDP deflator and multiply by 100. This will give you the real GDP.
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