this does not measure REAL GDP. this measure GDP GROWTH.Mr-X said:I don't have my forumla sheet right here in front of me but I remember in my trial there was a question which required you to calculate the real GDP in year 2.
There was a table which gave you the money GDP of year 1 and year 2 with the CPI of year 1 and year 2 respectively.
Real GDP of year 2 was calculated by: Money GDP (year 2) x CPI (year1)/CPI (year 2)
If that's not the forumla you are looking for I'll try to get the forumla you want (or maybe someone else will).