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AP Macroeconomics
Unit 2 – Economic Indicators and the Business Cycle
Topic 2.6
What is the formula for calculating nominal GDP using the GDP deflator?
Nominal GDP = Real GDP + (GDP Deflator / 100)
GDP Deflator = (Nominal GDP / Real GDP) * 100
Real GDP = Nominal GDP / (GDP Deflator / 100)
Nominal GDP = Real GDP * (GDP Deflator / 100)
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AP Macroeconomics - 2.6 Real vs Nominal GDP
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GDP deflator
Nominal GDP
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