In general, you calculate real GDP by dividing nominal GDP by the GDP deflator ... approach and calculated using the following formula: GDP = C + G + I + NX (where C=consumption; G=government ...
In either case, the number is an estimate of "nominal GDP." Once adjusted to remove any effects due to inflation, "real GDP" is revealed. Calculating ... The formula for GDP is: GDP = C + I ...
1monon MSN
In either case, the number is an estimate of "nominal ... in GDP. So, while GDP can provide a sense of an economy's ...
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