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Answer to Question #65609 in Macroeconomics for john
Question #65609
How to calculate Year over Year growth rate for non-yearly data? for example how to calculate US Q4 you GDP growth rate?
Expert's answer
Year over Year growth rate is percentage change between a given period and the same period in the previous year. To calculate US Q4 GDP growth rate we use the following formula:
Q GDP (yoy) = (GDPQ-GDPQ-4)/GDPQ, where GDPQ and GDPQ-4 are measured in constant dollars.
Q GDP (yoy) = (GDPQ-GDPQ-4)/GDPQ, where GDPQ and GDPQ-4 are measured in constant dollars.
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#339914 on Dec 2023
#339914 on Dec 2023
Comments
Dear john, exactly.
Brilliant. Thank you for you answer. So for Q4 GDP Growth rate 2016 you would do: 2016 Q4 GDP (yoy) = (2016 Q4 GDP - 2015 Q4 GDP) / 2015 Q4 GDP
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