In general, you calculate real GDP by dividing nominal GDP by the GDP deflator (R ... approach and calculated using the following formula: GDP = C + G + I + NX (where C=consumption; G=government ...

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 ...

So, while GDP can provide a sense of an economy's performance over time, it doesn't tell the whole story. What Is the Formula ...