Question
Real GDP = Nominal GDP x 100 Price Index Year Nominal GDP Price Index Real GDP? 2011 5,000 125 4,000 2012 6,000 150 4,000 Using
Real GDP = Nominal GDP x 100
Price Index
Year | Nominal GDP | Price Index | Real GDP? |
2011 | 5,000 | 125 | 4,000 |
2012 | 6,000 | 150 | 4,000 |
Using the above data: Why do we need to convert Real GDP from Nominal GDP?
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
