Does the growth rate or real GDP depend on the base year we use for prices?
Real GDP already has inflation taken into account. If you are reading something that says “nominal GDP” then you will have to adjust for inflation to figure out the real GDP. The growth rate is adjusted for inflation. For example: a 3.4% growth in GDP doesn’t mean that there was a 2% increase in inflation and a 1.4% increase in GDP. The real GDP increased by 3.4%.
