What is the formula for calculating the real GDP growth rate?
The growth rate of real GDP between two given years, for example, 2005 and 2006, is...
What is the formula for calculating the real GDP growth rate?
The growth rate of real GDP between two given years, for example, 2005 and 2006, is expressed as follows: To obtain the real GDP per capita, the real GDP of the year in question is divided by the total population. The formula for calculating the real GDP growth rate is not provided in the text.
Macroeconomia II
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