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7 results for “gdp”

Formulae (7)

GDP = C + I + G + (X - M)

National output measured as total spending by households, firms, government and net exports.

g = \dfrac{GDP_1 - GDP_0}{GDP_0}\times 100\%

The percentage change in real output between two periods.

Real\ GDP = \dfrac{Nominal\ GDP}{Deflator}\times 100

Output adjusted for inflation, so growth reflects real production, not rising prices.

Deflator = \dfrac{Nominal\ GDP}{Real\ GDP}\times 100

A broad price index covering all goods in GDP, not just a consumer basket.

GDP = C + I + G + (X - M)

Gross domestic product by spending.

Real = \frac{Nominal}{Deflator}\times 100

GDP adjusted for inflation.

\frac{GDP}{Population}

Average economic output per person.