The GDP of a certain year seen in the news and statistical yearbooks is calculated based on the current price of that year, but when mentioninggrowth ratewhen,Price changes have been taken into account, which compares the GDP of each year at the same level, which is scientific.
This can actually explain why the growth rate we calculate directly using GDP in each year is different from the official one. Therefore, if we need to convert the GDP of one year into the GDP of another year, we can use the official growth rate to enter the calculation.
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