Nominal GDP_{year t}

________________________ x 100

Price Index

CPI_current -CPI_last

____________________x100

CPI_last

Measure Inflation

(CPI)

Cost of Good Currently

_________________________ _{x 100}

Cost in Base year

Price_{year t}

_{______________________ x100}

Price_{base year}

Nominal GDP

_____________________{x 100}

Reak GDP

GDP₂₀₀₅ - GDP₂₀₀₄

________________________x100

GDP₂₀₀₄

GDP measured in current price.

P_current * Q

Nominal Wage

[CPI/100]