Example Calculating Real GDP with a Deflator
Watch this lecture about calculating real GDP with a deflator. This is one among many approaches to removing the effect of inflation from nominal or current values. Watch for other approaches, some of which draw from a base broader or narrower relative to that under current consideration.
Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/real-nominal-gdp-tutorial/v/example-calculating-real-gdp-with-a-deflator
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Last modified: Saturday, March 20, 2021, 1:28 AM