Step two: Calculating "real" (inflation-adjusted) data This step should be well understood. The goal is to remove price changes from the GDP growth calculations.

This can be applied to the BEA’s seasonally adjusted real GDP series, following the methods suggested in Rudebusch, Wilson, and Mahedy (2015) and Rudebusch, Wilson, and Pyle (2015). This “double” ...

The Federal Reserve Bank of St. Louis has its own real potential GDP in 2012 dollars. Adjusted to 2020 dollars, it projected a potential GDP of $19.41 trillion.

The price-adjusted volume of sales, used in calculating real GDP growth, increased even more quickly, by 2.2 percent.