Real GDP Flashcards by Chris B | Brainscape

Q

Equation for nom GDP

A

Nom GDP = price level * real GDP

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Q

Methods for computing change in real GDP

A

Laspeyres (initial prices)
Paasche (final prices)
Fischer index (average between L and P)

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Q

Hur hantera jämförelser i GDP mellan länder?

A

Omvandla mha av exchange rate (1 USD = x rupee). Sätt Indiens GDP * 1/x = GDP Indien i USD
Ta hänsyn till skillnader i prisnivå: GDP Indien i US priser = prisnivå US * GDP Indien i USD/prisnivå Indien = prisnivå US/prisnivå Indien * GDP Indien i USD

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