This is pretty easy. The GDP deflator is the ratio of nominal GDP to real GDP. It’s the number that is calculated annually by the US Bureau of Economic Analysis and is a good indicator of where our economy is today. If we were to set our nominal GDP at $5 trillion, which is what most analysts believe is the true real GDP, then our nominal GDP would be $5 trillion. Real GDP would be somewhere around $4.5 trillion.
The real GDP deflator was set at 200 earlier this year by the US Bureau of Economic Analysis so just how much real GDP is the GDP deflator? A number like that is a pretty good approximation of the true GDP since it has a lot of room to fall by any number of factors before it finally comes down to a number.
The real GDP deflator is only a rough estimate, and is adjusted with inflation, so it’s not totally accurate. But it is a pretty good approximation, and when it’s off by a couple of percentage points it can lead some people to think that the real GDP is much higher. If that’s the case, then our nominal GDP is going to be much higher.
That sounds like the type of person who wants to play a role in an industry, and will probably be in that role. But I have seen plenty of people that want to do that, and I am glad that I’m not the only one who does.
Actually, the question is a bit silly, because it assumes that the nominal GDP is constant, which it isn’t. In fact, it changes every year. In fact, the nominal GDP is what is used in the calculations to make the CPI index. But it can lead people to make the assumption that the real GDP is much higher.
A common misconception about the CPI is that it is a measure of the ‘wealth of the nation’. But it is not. The CPI is a measure of the ‘economic output’ of a country, and it is what the US government uses to calculate the US GDP. The CPI is also a ratio of the purchasing power of a particular currency to the purchasing power of the same currency in the rest of the world.
The US government uses a rather different metric in comparison to the US economy. It’s the average of the two. The US is the world’s largest economy, and the US economy grew from 2007 to 2013, with the US economy growing at a rate of 3.3%, while China grew at a rate of 1.3%.
The reason the US GDP deflator is a ratio of the purchasing power of a particular currency to the purchasing power of the same currency in the rest of the world is because the US government uses it to adjust the price of certain government benefits to reflect the purchasing power of a country’s currency over time. For example, social security payments. That’s because the US government uses the CPI to calculate the cost of social security benefits such as unemployment insurance and food stamps.
This is a very good question. Its pretty easy to calculate GDP because its a way of determining the total value of all goods and services that a country has produced. But this equation doesn’t account for the fact that the private sector has created new goods and services that the government doesn’t use. That’s because the private sector creates economic growth. For example, people spending all their time on Facebook.