Its growth rate can be calculated by dividing this value at two different times by each other and subtracting one.
Its growth rate can be calculated by dividing this value at two different times by each other and subtracting one. Its deflator illustrates how much of the change in this quantity from a base year is reliant on changes in the price level, and it is computed after determining this quantity's real value and its nominal value. Dividing this number by the population gives the per capita income of a nation. FTP, identify this macroeconomic quantity defined as the sum of market values of all final goods and services produced in a country.
Its growth rate can be calculated by dividing this value at two different times by each other and subtracting one.
{gross domestic product} or {GDP}