Real GDP Growth Rate Formula
Which of the following is the correct formula for calculating the real GDP growth rate?
A
(Nominal GDP in Year 2 / Real GDP in Year 2) * 100
B
(Nominal GDP in Year 2 / Real GDP in Year 1) - 1
C
(GDP in Year 2 / GDP in Year 1) * 100
D
(Real GDP in Year 1 / Real GDP in Year 2) - 1
E
(Real GDP in Year 2 / Real GDP in Year 1) - 1
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