Real GDP is calculated by dividing nominal GDP by a GDP deflator. Unlike real GDP, nominal GDP uses current market prices and doesn't factor inflation into its calculation. Real GDP is a ...

There’s actually a separate measurement designed to calculate the production of ... value of money from a past base year (called a GDP deflator). Economists generally prefer real GDP.

Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. For example, if prices rose by 5% since the base year, then the ...

The government’s estimate for growth was marginally lower than an MC poll of economists conducted a fortnight before the Budget, which had pegged the median at 10.4 percent ...