Calculating Real GDP with a Deflator Example

Watch this lecture on 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://youtu.be/v5YT8GlSxoU
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Last modified: Monday, September 18, 2023, 5:00 PM