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Real and Nominal GDP, GDP deflator
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This lesson discusses the concepts like Real and Nominal GDP and GDP deflator

Arpita Prakash
YouTuber NCERTs series initiator at Unacademy 'Educator of the Month' for Feb'19 CBSE 0.1% Merit Certificate holder in Mathematics

Unacademy user
sir your video lectures are very helpful to understand the topic in a simple way
thank u so muchh mam...
Thanks a lot maa'm for all the efforts you are doing for students like us who are not in the position to avail coaching from the big institutes.,,,A very big salute to you...we are with you...
maam come on YouTube then if you are unable to teach here....you are one of the best teacher I have come across...and we really need your courses. please maam think of it just a suggestion. thank you for all the efforts. Also I'm really really proud of you that are from my college.and doing such an amazing job.
Arpita Prakash
3 months ago
Thank you,Sarita. Glad to know we share the same college :) Regarding, you tube ,I have been receiving many such suggestions for the same since long, but I'm not sure about that at the moment. I will see what can be done from my end!
Arpita Prakash
3 months ago
https://t.me/arpiaqui7
Sarita Mothsara
3 months ago
thank you maam for this link but. we are not able to comment there
Arpita Prakash
3 months ago
Note making part1 video done now https://youtu.be/77regqGJX0E
we are with u maam.. very genuene nd qualitatuve efforts doing you r.. Tell them give to teach u otherwise come out on you tube you dont restrict yourself on these selfish platform..we will contribute to u maam..u r gold..we know your value
Arpita Prakash
2 months ago
I have already come on YouTube...started my own channel now. Though I don't want to have grudges with them...I'm still trying to see if something can be figured out !
mam start teaching on youtube..plus couses are advertisement and pocket fullfillment.
Arpita Prakash
3 months ago
See, actually I don't intend to comment on the '+' initiative, infact I also understand that it's important to sustain the growing company. I just mean that why to compromise the things on free platform. There should be liberty to reach freely at free platform like earlier, for those who don't wish to go to plus courses.
Arpita Prakash
3 months ago
Regarding, you tube ,I have been receiving many such suggestions for the same since long, but I'm not sure about that at the moment. I will see what can be done from my end!
Ravi Kumar
3 months ago
yes mam you are right .
Arpita Prakash
3 months ago
https://t.me/arpiaqui7
Ravi Kumar
3 months ago
thank you mam
Arpita Prakash
3 months ago
Note making part1 video done now https://youtu.be/77regqGJX0E
  1. NOMINAL AND REAL GDP Possibility of only doubling of prices of goods and services between the two years, the production remaining constant Hence GDPs evaluated at Current market prices can't be relied upon: o To compare GDP figures of different countries, or o To compare the GDP figures of same country at different points of Time Hence, for comparison->Real GDP-evaluation of G&S at constant prices Nominal GDP->value of GDP at current prevailing prices Example: o Fixed prices->changes in volume of production with changes in Real GDP Year X: Country Y Year X+1 Country Y 110 units of bread produced Price Rs 15 per bread . 100 units of bread produced Price Rs 10 per bread . GDP at current price Rs10 100 Rs 1000 GDP at current price Rs15*110 Rs 1650 Real GDP with base year X Rs 110 10 Rs 1100 Ratio of nominal GDP to real GDP gives us an idea of how the prices have moved from the base year to current year . Current year- calculation of Real GDP and Nominal GDP- volume of production is fixed Different in measurement is due to change in price level between base year and current year GDP DEFLATOR-Ratio of nominal to real GDP ( Index of prices)