Real gdp growth rate per person formula
Real GDP Adjustment. Because GDP measures the total production of the nation, comparing gross domestic product from year to year is useful for assessing economic growth. However, inflation can cause the dollar amount of GDP and GDP per capita to increase and thus distort real growth figures. This lesson demonstrates how to calculate the per capita growth rate of a population when given the original population size and the factors that increase (natality and immigration) and the The GDP growth rate indicates the current growth trend of the economy. When calculating GDP growth rates, the U.S. Bureau of Economic Analysis uses real GDP, which equalizes the actual figures to filter out the effects of inflation. Using real GDP allows you to compare previous years without inflation affecting the results.