4 ms·
GDP growth rate is reported after subtracting inflation, but the GDP number itself does not subtract inflation. If you have a GDP of $1 trillion, 2% inflation
by the_economist 7y ago
GDP growth rate is reported after subtracting inflation, but the GDP number itself does not subtract inflation.
If you have a GDP of $1 trillion, 2% inflation and 3% GDP growth, you'll have a GDP of $1.05 trillion after 1 year.