This video shows how to calculate nominal and real gross domestic product. Determine the most recent United States population figure which is calculated by the US. Real GDP therefore accounts for the fact that if prices change but output doesnt nominal GDP would change.
This video shows how to calculate nominal and real gross domestic product.
So lets do that. If you already know real GDP R then you divide it by the population C. 1 Find the Real GDP for Two Consecutive Periods. And the 1025 over 100 you might be able do this in your head this whole expression right over here just becomes 1025.