Lecture Note
Real DB Versus Nominal GDP
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University
California State University Course
ECON 370 | Economic DevelopmentPages
1
Academic year
2023
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muhammad nashiril
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0
p {margin: 0; padding: 0;} Real DB Versus Nominal GDP- An Example Nominal GDP 15 the dollar Value of goods and Servicesproduced in a Periode of time, which depends on the Volume of goods produced and the Prices of goods Produced. Real GPP reflects Only the Volume of Production The calculation of real and nominal economic growth can be demonsterated Using the example of an economy that produces Only one good - Said apples. for example, in years 1, the Volume of apples produced 15 100kg and the Price of apples 15 S2 Perkg, then the total Production Value is $ 200 ( 100 $2). in Year 2, 104kg OF apples were Produced and the price was $2.05 per kg. So the total Value OF Production was $ 213.20 (104 X $2.05) CS Dipindai dengan CamScanner
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Real DB Versus Nominal GDP
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