How to convert nominal gdp into real gdp


How would you convert nominal GDP into real GDP? What benefit would you get from this conversion? Also, for the list of things that may not be included in or accurately measured by nominal GDP, can anyone provide any solution for a better accounting of GDP?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: How to convert nominal gdp into real gdp
Reference No:- TGS0521566

Expected delivery within 24 Hours