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If nominal GDP is, for example, \$1,620 billion in 2017 and increases to \$1,680 billion in 2018, is the growth rate 3.7%? Or does real GDP first need to be calculated using a deflator?

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closed as unclear what you're asking by Fizz, Giskard, Bayesian, Jamzy, user20105 May 9 at 19:12

Please clarify your specific problem or add additional details to highlight exactly what you need. As it's currently written, it’s hard to tell exactly what you're asking. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.

  • $\begingroup$ Are you asking if this (reporting real GDP grown) is usually the case? Or are you asking about some specific context? $\endgroup$ – Fizz May 2 at 12:43
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As you pointed out, you need to distinguish between real and nominal GDP. The 3.7% growth from 1620 to 1680 is the nominal growth. To figure out real growth, you need to know the price index of the two years.

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