Please explaim calculating real GDP andthe effect on the nominal GDP

Economics
Tutor: None Selected Time limit: 1 Day

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Oct 3rd, 2014

Nominal Price Index Real GDP Effect
914.80 22.01 4156.293 3,241.49
2,298.80 40.40 5690.099 3,391.30
5,105.40 66.98 7622.275 2,516.88
8,798.50 85.51 10289.44 1,490.94
14,446.40 108.48 13317.11 -1,129.29
Real GDP = Nominal GDP/ Price index*100

Effect = Real GDP-Nominal GDP

Reference:

https://answers.yahoo.com/question/index?qid=20120317022328AApwJ06


Oct 3rd, 2014

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