GDP is the total sum of the wealth produced in a country over a given period of time, usually one year. Nominal GDP is GDP at current prices, while nominal GDP is deflated GDP, ie, discounted inflation. Thus, if the inflation rate is 5% = 0.05, we have to use the formula for the real GDP calculation:
Real GDP 2018 = Nominal GDP / 1+ inflation rate
Real GDP = 315 / 1.05 = $ 300 (in billions).
To calculate the GDP growth rate between 2017 and 2018, just narrow the difference between real GDP for both years and divide by the value of real GDP for 2017. The result must be multiplied by 100 to find the percentage value.
GDP growth rate = {(300 - 273) / 273} * 100 = 9.89%
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You have mistreated me for too long George! I believe it is best that we go our seperate ways. All you have done is lie and cheat... Don't you understand what you put me through? Well i guess it does not matter now, because were done. Sorry it had to end this way George.
The answer you may be looking for is FLAT.
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Water was the most important benefit in early Egyptians settlement. The Nile provided the Egyptians with a permanent source of water and animals and fish to hunt and catch for food. Bathing in the Nile River prevented diseases from happening. Farmers needed the water to help them grow their crops.
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