Answer to Question #65609 in Macroeconomics for john
How to calculate Year over Year growth rate for non-yearly data? for example how to calculate US Q4 you GDP growth rate?
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.