MBA-GDP和经济增长的测量教程.pptVIP

* * * Notice that the yellow line is steeper than the red line. That’s because prices generally rise over time. So, nominal GDP grows at a faster rate than real GDP. If you’re anal like me, you might ask students what is the significance of the two lines crossing in 1996. Answer: 1996 is the base year for this real GDP data, so RGDP = NGDP in 1996 only. Before 1996, RGDP NGDP, while after 1996, RGDP NGDP. This is intuitive if you think about it for a minute. Take 1970. When the economy’s output of 1970 is measured in the (then) current prices, GDP is about $1 trillion. Between