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. Describing a variable that does not take inflation into account. For example, when considering GDP growth, if GDP has grown 10% in nominal terms and the inflation rate is 3%, real GDP growth is only 7%.