How many invention patents are produced per 1 100 million yuan gdp in China?
NominalGDP is nominal GDP (currency-denominated GDP) and realGDP is real GDP, that is, real GDP adjusted by inflation. RealGDP=nominalGDP divided by GDPDeflatornominal GDP = real GDP× (1+GDP deformer), where GDP deformer is the inflation adjustment coefficient, such as 5% inflation, and GDP deformer is 1.05. Real GDP is usually less than nominal GDP. For example, if China's annual readGDP reaches 9% and the inflation rate is 5%, the nominal GDP can be as high as1.09 *1.05-1,which is equivalent to an increase of 14%. Potential GDP is only the potential level of GDP growth, which is not necessarily related to the two. It's just an expected value, and it's rarely quoted.