Question

how to covert real GNP into real GDP....?
please explain..!​

Answer 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