Econ 105A Formulas

Nominal GDP

(Price)(Quantity)

Real GDP

(Price of base year)(Quantity of current year)

GDP Price Index

(Nominal GDP)/(Real GDP) * 100

Inflation

(GDP current year) - (GDP base year) all over GDP base times 100

Growth Rate of Nominal GDP

(Nominal GDP current year - Nominal GDP base year)/(GDP base) times 100