"annualized" - 1 õppematerjal

Gross domestic product

European Union, Organization for Economic Co-operation and Development, United Nations and World Bank. Nominal GDP and Real GDP The GDP calculation is distorted by inflation. This unadjusted GDP is known as the nominal GDP. In practice, GDP is adjusted by dividing the nominal GDP by a price deflator to arrive at the real GDP. · GDP usually is reported each quarter on a seasonally adjusted annualized basis In an inflationary environment, the nominal GDP is greater than the real GDP. If the price deflator is not known, an implicit price deflator can be calculated by dividing the nominal GDP by the real GDP: · Implicit Price Deflator = Nominal GDP / Real GDP The composition of this deflator is different from that of the consumer price index in that the GDP deflator includes government goods, investment goods, and exports rather than the traditional consumer-oriented basket of goods.