# How do you calculate percent change in normal GDP?

It is 100*(New GDP - Old GDP)/Old GDP

### How do you calculate nominal GDP at market price?

Nominal GDP is GDP evaluated at current market prices. Therefore , nominal GDP wil include of the changes in market prices that have occurred during the current year due to inflation or deflation. Nominal GDP= GDP deflator.real GDP/100 Real GDP is GDP evaluate at the market price of some base year. GDP deflator --- Using the statistics on real GDP and nominal GDP, one can calculate an implecit index of the price level for the…

### Explain why you calculate the nominal GDP and the real GDP?

If we compared the GDP's of two periods, we can not really tell if there was an increase or decrease from the previous period, hence the GDPP(snd stsndsrd of living). Real GDP can tell us this because we take a reference base year price and calculate the GDP of the periods. What is actually considered here now is if there 's a change in the quantity of goods. If we used just the nominal GDP…

### What is your overview on the Philippine GNP and GDP 2008?

The GNP and GDP figures for 2008 (all quarters) have not yet been released, as the year has not ended yet. The figures on GNP and GDP available for 2008 are those of the second quarter. The GDP growth of 4.6 percent in the second quarter of 2008 shows a considerable slow down from the 8.3 percent increase recorded in the same period last year. The same holds true for the GNP, which grew by…

### What is difference between Autonomous Expenditure and Induced Expenditure?

AUTONOMOUS AND INDUCED EXPENDITURE : Autonomous expenditure is independent of changes in real GDP, whereas induced expenditure varies as real GDP changes. In general, a change in autonomous expenditure creates a change in real GDP, which in turn creates a change in induced expenditure. The induced changes are at the heart of the multiplier effect. Induced expenditure is the sum of the components of aggregate expenditure that change with GDP. ♦ Autonomous expenditure is the…