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Year nominal gdp - PowerPoint PPT Presentation

Calculating GDP

Calculating GDP. Nominal GDP, Real GDP, and the GDP Deflator. There are two ways that GDP can increase:. An increase in the PRICES of goods and services. An increase in the QUANTITY of goods and services. We need a method to calculate GDP that addresses rising prices. Our Simple Economy.

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Year nominal gdp - PowerPoint PPT Presentation

Calculating GDP