Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. For example, if prices rose by 5% since the base year, then the ...

For example ... As a result, some GDP calculations may notably underestimate a country’s true production. There are also two distinct GDP figures: Nominal and real GDP. Real GDP takes inflation ...

As CEOs shift their priorities away from simple profitability and companies place greater value in sustainability, the formula for GDP ... called for the use of real GDP — a measurement that ...