00:01
Okay, we are given the gdp's nominal gdps between for 1980 and 1990.
00:10
Okay, and we are being asked, what is the real growth of gdp and what is the growth due to inflation? so in order to calculate the nominal growth, okay, we have, we do we take the gdp of gdp.
00:36
Of 1990, right, which is 5979 .6 minus gdp of 1980, which is 2862 .5 and divided by 2862 .5.
00:57
And we see what number do we get.
01:02
If we use the calculator, you want to get 50970 9 .6 minus 2862 .5 divided by 2862 .5.
01:33
We get 1.
01:35
Right.
01:41
We get 1 .9, which is equivalent of 109%.
01:57
Okay.
01:58
So the nominal gdp has a had a growth of 109%.
02:08
So to get the, so this is the growth in the nominal gdp.
02:12
To get the growth in the real gdp, we have to subtract that from the growth in the deflator, okay? so deflator has gone, okay, deflator has gone from 48 .3 divided by 100.
02:41
It has gone to 72 .7 divided by...
02:48
Okay? so to get the growth then, to calculate the growth of the deflator, we do, we subtract the deflator of the 1990 from the defilator from the 1980...