Does anyone know how to calculate the percentage increase in Nominal GDP?
sure,,, Imagine that the real GDP is a ballon, and once it becomes big, the area of its change is nominal GDP> this is the formula p = previous niminal GDP PP= current nominal GDP R = Real GDP percentage changed = (PP/p-1)*100 but if you wanna know how much diffirence from real GDP, then apply this formula percentage changed = (Nominal GDP/Real GDP -1)*100
