Business
Business, 18.07.2020 14:01, Romo2486

Part D When comparing GDP from one year to another, you need to adjust each year's GDP for any inflation that
occurs during that year. To do this, you need to find real GDP. To find real GDP, or the value of GDP that
takes into account any price changes in the period, use this formula:
real GDP = nominal GDP
deflator for same year
100
You found the nominal GDP for two years in part c, but you will need to find the value of the deflators
before you can use the formula. Price deflators neutralize any inflation that happened that year. Using this
table of price deflator data , find the price deflators for gross domestic product (line 1) for the fourth
quarter (IV) in the years you used in part c and record them in the table.


Part D

When comparing GDP from one year to another, you need to adjust each year's GDP for any in

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Part D When comparing GDP from one year to another, you need to adjust each year's GDP for any infl...

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