If you want to pay up front, Office Home and Student 2016 is just the basics: Word, Excel, PowerPoint and OneNote for Windows. Office Home and Business 2016 adds Outlook and Office Professional 2016 adds Outlook, Publisher and Access.
Calculating real vs nominal GDP. Nominal GDP = â ptqt. where p refers to price, q is quantity, and t indicates the year in question (usually the current year). However, it can be misleading to do an apples-to-apples comparison of a GDP of $1 trillion in 2008 with a GDP of $200 billion in 1990.
Nominal GDP is a misleading measure of the standard of living. Because we produced the same 100 bags of flour each year, we would say that real GDP--the physical production of goods--was exactly the same as last year. To arrive at real GDP, we adjust nominal GDP for price changes.DP per capita is the usual measure of the standard of living. GDP is usually measured in dollars. Although the Japanese might measure their GDP in yen, we would convert their GDP to dollars in order to compare it to ours.