Question
Which of the following formulas can be used to calculate the real GDP growth rate?
Answers
GPT 3.5
The formula for calculating the real GDP growth rate is:
Real GDP growth rate = [(Real GDP in current year - Real GDP in previous year) / Real GDP in previous year] * 100
Real GDP growth rate = [(Real GDP in current year - Real GDP in previous year) / Real GDP in previous year] * 100