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How to calculate the percentage of GDP?

Understand the Problem

The question is asking for the method to calculate the percentage of GDP (Gross Domestic Product). This typically involves taking the part of the economy that is being measured and dividing it by the total GDP, then multiplying by 100 to get the percentage.

Answer

((current GDP - previous GDP) / previous GDP) * 100

The formula to calculate the percentage of GDP growth is ((current GDP - previous GDP) / previous GDP) * 100

Answer for screen readers

The formula to calculate the percentage of GDP growth is ((current GDP - previous GDP) / previous GDP) * 100

More Information

GDP growth rate is a key indicator of economic health, showing how much the economy is growing or shrinking over a specific period.

Tips

Ensure that you are consistent with the time periods (quarterly, yearly) for the GDP values you are comparing.

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