answersLogoWhite

0

The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100. It measures the change in prices of all goods and services produced in an economy. Factors considered in its computation include changes in the prices of consumer goods, investment goods, government spending, and net exports.

User Avatar

AnswerBot

4mo ago

What else can I help you with?

Continue Learning about Economics

How is the marginal cost calculated and what factors are considered in determining it?

Marginal cost is calculated by dividing the change in total cost by the change in quantity produced. Factors considered in determining marginal cost include variable costs, economies of scale, and production efficiency.


How do you calculate elasticity and what factors are considered in the calculation?

Elasticity is calculated by dividing the percentage change in quantity by the percentage change in price. Factors considered in the calculation include the availability of substitutes, necessity of the good, and time period under consideration.


How is the rate of inflation calculated and what factors are considered in determining it?

The rate of inflation is calculated by measuring the percentage change in the average price level of a basket of goods and services over a specific period of time. Factors considered in determining inflation include changes in consumer spending patterns, production costs, and overall economic conditions.


How is opportunity cost calculated and what factors are considered in determining its value?

Opportunity cost is calculated by comparing the benefits of choosing one option over another. It is determined by considering factors such as the value of the next best alternative, time, resources, and potential benefits or losses.


How is job growth calculated and what factors are considered in determining the increase or decrease in employment opportunities within a specific industry or region?

Job growth is calculated by comparing the number of jobs in a specific industry or region over a period of time. Factors such as economic conditions, population growth, technological advancements, and government policies are considered in determining the increase or decrease in employment opportunities.

Related Questions

What factors are considered when a calculated personality is determined?

When determining a calculated personality, factors such as behavior, attitudes, values, and traits are considered. These factors are often assessed through various methods such as psychological tests, observations, and self-reporting.


How is the marginal cost calculated and what factors are considered in determining it?

Marginal cost is calculated by dividing the change in total cost by the change in quantity produced. Factors considered in determining marginal cost include variable costs, economies of scale, and production efficiency.


Process of including units of measurement factors in computation is?

It is essential.


How do you calculate elasticity and what factors are considered in the calculation?

Elasticity is calculated by dividing the percentage change in quantity by the percentage change in price. Factors considered in the calculation include the availability of substitutes, necessity of the good, and time period under consideration.


How is the rate of inflation calculated and what factors are considered in determining it?

The rate of inflation is calculated by measuring the percentage change in the average price level of a basket of goods and services over a specific period of time. Factors considered in determining inflation include changes in consumer spending patterns, production costs, and overall economic conditions.


How is rainfall calculated and what factors are considered in determining the amount of precipitation in a given area?

Rainfall is calculated by measuring the amount of water that falls in a specific area over a certain period of time. Factors considered in determining precipitation levels include the location's geography, temperature, air pressure, and wind patterns. These factors influence how much moisture is in the air and how likely it is to condense and fall as rain.


How is wOBA calculated and what factors are considered in its calculation?

wOBA, or weighted on-base average, is calculated by assigning different weights to various offensive events based on their impact on scoring runs. Factors considered in its calculation include walks, hits, hit by pitches, and extra base hits. The formula for wOBA takes into account these factors to provide a more accurate measure of a player's offensive performance.


How is opportunity cost calculated and what factors are considered in determining its value?

Opportunity cost is calculated by comparing the benefits of choosing one option over another. It is determined by considering factors such as the value of the next best alternative, time, resources, and potential benefits or losses.


How is an ecological footprint calculated and what factors are taken into consideration during the calculation process?

An ecological footprint is calculated by measuring the amount of land and resources needed to support a person's lifestyle. Factors considered include energy consumption, food choices, transportation, and waste production.


How is job growth calculated and what factors are considered in determining the increase or decrease in employment opportunities within a specific industry or region?

Job growth is calculated by comparing the number of jobs in a specific industry or region over a period of time. Factors such as economic conditions, population growth, technological advancements, and government policies are considered in determining the increase or decrease in employment opportunities.


How is the impact factor calculated and what factors are considered in determining it?

The impact factor is calculated by dividing the number of citations a journal receives in a given year by the total number of articles published in the two previous years. Factors considered in determining the impact factor include the quality and relevance of the articles published in the journal, the reputation of the authors, and the citation patterns within the field.


What factors are considered when road bike frame sizes are calculated?

When calculating road bike frame sizes, factors such as rider height, inseam length, and riding style are considered. These measurements help determine the appropriate frame size for a comfortable and efficient riding experience.