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Economic Growth Rate
Formula for Real Annual GDP Growth
The real annual growth rate of Gross Domestic Product (GDP) is calculated as the percentage change in real GDP from one year to the next. The general formula for the growth rate in year is: For example, the growth rate in 2023 is found by comparing the real GDP of 2023 and 2022:
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Economics
Economy
Introduction to Macroeconomics Course
Ch.3 Aggregate demand and the multiplier model - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
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Formula for Real Annual GDP Growth
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