What is the formula for real GDP? ? \frac{GDP \text{ deflator}}{Nominal \text{ GDP}} \times 100 ? \frac{Nominal \text{ GDP}}{GDP \text{ deflator}} \times 100 ? (GDP \text{ deflator} - Nominal \text{ GDP}) ? \frac{GDP \text{ deflator}}{100} \times Nominal \text{ GDP}
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Step 1: The formula for real GDP is calculated by dividing the Nominal GDP by the GDP deflator and then multiplying by 100. Show more…
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