Question: While real GDP takes inflation (or deflation) into account, nominal GDP is a macroeconomic assessment of the value of goods and services using current prices

While real GDP takes inflation (or deflation) into account, nominal GDPis a macroeconomic assessment of the value of goods and services using current prices in its measure. As such, nominal GDP is also referred to as the current dollar GDP.

Unlike nominal GDP measures how well the economy is doing without factoring in price changes due to inflation or deflation. This means it may actually inflate growth because all of the goods and services that are used to determine nominal GDP are valued at prices in the current year.

The easiest way to calculate nominal GDP is by multiplying real GDP by the GDP deflator:

Nominal GDP = Real GDP x GDP Deflator

You can also calculate it using the expenditure method:

1.calculte the value 2*pi from the period of cos2t+sin3t?

2.how would you relate the Finite quantity as defined to be an energy signal

3.from a Sampling technique,convert a continuous time signal

4.whenis it okay to call a system,the physical device that performs an operation on the signal?

5. Which block is not required in digital processing of a RADAR signal?

6.interconnect the input analog signal to the D/A converter.

7.what is the concept of the parabola. In the input signal be 't'

8.explain the exhibition of the property y(t)=x(1-t)

9.explain the advantageous properties of the analog signal processing?

10. Which parameter is common independent variable for speech signal, EEG and ECG?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!