Question: how to calculate the percentage of nominal gdp?
Answer: If GDP isn't adjusted for price changes, we call it nominal GDP. For example, if real GDP in Year 1 = $1,000 and in Year 2 = $1,028, then the output growth rate from Year 1 to Year 2 is 2.8%; (1,028-1,000)/1,000 = . 028, which we multiply by 100 in order to express the result as a percentage.