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I need an answer to Find Out the DDP Growth Assignment Economic First

Find out the GDP growth rate with the help of formula from 2000-2019.Aslo differentiate between nominal GDP, real GDP and GDP deflate.?

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GDP growth = Current value -perives value (100) Perives value . Year GDP growth rate . 2000 4.26% 2001 1.98% 2002 3.22% 2003 4.85% 2004 7.37% 2005 7.67% 2006 6.18% 2007 4.83% 2008 1.70% 2009 2.83% 2010 1.61% 2011 2.75% 2012 3.51% 2013 4.40% 2014 4.67% 2015 4.73% 2016 5.53% 2017 5.70% 2018 5.43% Different between nominal GDP, real GDP and GDP deflate The GDP deflate is a measure of price inflation… .. Nominal GDP is the market value Of goods and services produced In a economy. Unadjusted for inflation. Real GDP is nominal GDP, Adjust for inflation to inflect change in real output. Nominal GDP; nominal GDP is a macro economics Assignment of the value of goods and services the main Different between them is the adjustment for inflation. Since nominal GDP is calculated using current price it does not Require any adjustments for inflation.

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Nice answer!

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