Convert actually a nominal gdp number to real gdp number
One is to convert the actually a nominal GDP number to a real GDP number. The other is to convert a nominal GDP growth rate to a real GDP growth rate. One is done by division and the other by subtraction. Can anyone explain which is which and why?
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The other is to convert the nominal GDP growth rate to real GDP growth rate. One is done by division and other by subtraction. Can anyone describe which is which and why?
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How to convert nominal GDP into real GDP? What benefit would you get from the conversion? Also, for list of things which may not be included in.
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