If GDP rose from 8000 to 10,000 and prices rose by 20 percent,real GDP

Name: If GDP rose from 8000 to 10,000 and prices rose by 20 percent,real GDP
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To calculate the real GDP growth, we adjust the nominal GDP growth for inflation. The nominal GDP rose from 8000 to 10000, which is a 25% increase (2000/8000). However, with a 20% inflation rate, the real GDP growth is less than the nominal growth but still positive, indicating it rose by less than 10 percent.

If GDP Rose from 8000 to 10,000 and Prices Rose