Timeline for Applying real growth rate to nominal value
Current License: CC BY-SA 3.0
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| Jan 16, 2016 at 21:32 | comment | added | StatsScared | In your first sentence you mention prices of the previous year;but, what previous year? Can you use an example? Say I have nominal GDP for 2005 and I have a real GDP series from 2000 to 2010. Then, I calculate the real GDP growth rate between 2010 and 2005. If I apply this growth rate to the 2005 nominal GDP figure, what does this give me? I'm assuming the result will be a different figure for 2010 than than what I had for this year from the real GDP series I used to calculate the growth rate, to begin with. | |
| Jan 16, 2016 at 17:59 | history | answered | Hector | CC BY-SA 3.0 |