Using a GDP price deflator, real GDP reflects GDP on a per-quantity basis. Without real GDP ... approach and calculated using the following formula: GDP = C + G + I + NX (where C=consumption ...

Gross Domestic Product measures the quantum of economic activities in a country, in monetary terms, over some time, usually ...

This way, it is possible to compare a country’s GDP from one year to another and see if there is any real growth. Real GDP is calculated using a GDP price deflator, which is the difference in ...