GDP Deflator Formula | Calculator (Examples With Excel .
Solution: Nominal GDP is calculated using the formula given below Nominal GDP = (Quantity of Product X * Price of Product X) + (Quantity of Product Y * Price of Product Y) For 2016 Nominal GDP = (100 * ) + (200 * ) Nominal GDP = 400 For 2017 Nominal GDP = (180 * ) + (250 * ) Nominal GDP = 915 For 2018