how to covert real GNP into real GDP....?
please explain..!
Answers
Answered by
1
Answer:
Real GDP = nominal GDP / GDP Deflator (the price level of 2011) x (100). Sal reorganizes this equation in a logical form and writes Nominal / Real = 102.5 / 100. 1.025 really is the GDP deflator divided by 100, the base price level.
Explanation:
$ I hope it is clear
Similar questions
Physics,
2 months ago
Science,
2 months ago
CBSE BOARD X,
4 months ago
Science,
4 months ago
English,
10 months ago