For example, using the GDP Deflator allows you to understand that real Chinese GDP in 2014 grew at the rate of 7.4 percent. Compared to the real U.S. growth rate in 2014 of 2.4 percent, it seems robust. However, a static comparison of GDPs in a single year doesn't tell you all you...
RealGDP is calculatedusing aGDP price deflator, which is the difference in prices between the current year and the base year. For example, if prices rose by 5% since the base year, then the deflator would be 1.05. Nominal GDP is divided by this deflator, yielding real GDP. Nominal GDP ...
Besides, we should also refer to the GDP deflator and other price indices. Statistics show that the GDP deflator is lower than CPI, and the GDP deflator of the first three quarters is -0.3%. In addition, PPI fell by 5.9% in September, which has been negative for 43 consecutive months. ...
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Typically, empirical researchers esti- mate Eq. (3) and solve for ̂it = ̂ 0 + ̂vit = yit − ̂llit − ̂ k kit . Finally, the estimated productivity in level is obtained by Âit = ( ( it)). This productivity measure is usually used to evaluate the ...