The GDP deflator is a measurement of inflation since ... on the expenditure approach and calculated using the following formula: GDP = C + G + I + NX (where C=consumption; G=government spending ...
Nominal GDP is divided by this deflator, yielding real GDP ... of an economy and boosts employment levels. The net exports formula subtracts total exports from total imports (NX = Exports ...
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What is GDP and How Exactly Is GDP Calculated?Real GDP takes inflation into account by converting the nominal figure using a constant value of money from a past base year (called a GDP deflator ... most famous GDP formula uses the expenditure ...
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