
| Welcome to 21c. We hope you enjoy your visit. You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free. Join our community! If you're already a member please log in to your account to access all of our features: |
| Bloody hell | |
|---|---|
| Tweet Topic Started: Jul 30 2009, 02:28 AM (274 Views) | |
| Greece (TheOne) | Jul 30 2009, 02:28 AM Post #1 |
![]() ![]()
|
Wheres that thread were we discussed how to work out increase in GDP? Something like gdp x growth or something... I think it was SK who was telling me about it?... |
![]() |
|
| Schwerpunkt | Jul 30 2009, 03:09 AM Post #2 |
|
Dalek Caan
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
|
Are you asking about calculating growth, or factoring it into your existing GDP figure to get next years'? The former is complex. The latter... not so much. In this example, you have a GDP of 500 and a growth of 6%. This figure works because I know that 6% of 500 is 30 (6% of 100 is 6. 500 is 5*100, so you take that 5 and multiply it by the previous number received -- 6. 5*6 = 30). Ergo, the expected result of 500 *1.06 is 530. Which is exactly what the calculator tells us. This equation is very simple. Literally, its x * y. That's it. x is equal to your current IG GDP. y is equal to 100% as modified by your economy's growth or retraction. 1 is equal to 100% when you're working with full-blown numbers (ie, you have every decimal in your GDP present). This changes when you start adding or subtracting decimals to either number (technically, you can turn 4.8 billion into 48 billion and multiply it by a growth factor of 1,000%, but this is nothing more than additional headache and more work), but it's true in all cases if you don't enter an erroneous number of digits for x (ie, 4,000,000 instead of 400,000). Growth is positive, retraction is negative. Basically, a retraction is a negative growth. So 6% negative growth in this instance (500) would be equal to -30, since you're using the same percentage only heading left instead of right on the number line. 500 * 0.94 = 470. It's 0.94 because it's 1.00 - 0.06. Again, 6%, this time negative rather than positive. By the way: if you're keeping numbers the same, you don't have to enter every single digit. Germany's IRL GDP is measured in trillions, and entering all those digits is asking for trouble. So, if I cared enough to calculate GDP, it'd be 3,667 billion (nominal). Basically, 6% growth on this figure would be 3,667 * 1.06, or 3,887.02. It's just a matter of remembering your unit measurement (in this case, billion) and slapping it on. And, really, the .02 is unnecessary, as the entire thing is already rounded and it rounds down, so the new figure would be 3,887 billion, or 3.89 trillion. This is pretty much basic Algebra when you break it down like that. |
![]() |
|
| Greece (TheOne) | Jul 30 2009, 03:13 AM Post #3 |
![]() ![]()
|
Ah there was a formula that I was after, you answered it at the end of your post. Thanks. |
![]() |
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| « Previous Topic · Mess Hall · Next Topic » |










![]](http://z1.ifrm.com/static/1/pip_r.png)
9:28 AM Jul 11