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| Quarter | Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 |
| Nominal |
$10,000 | $12,000 | $18,000 | $24,000 |
| Real GDP | $8000 | $9500 | $11,000 | $13,500 |
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Nominal Growth rate between quarter 3 and 4 =
= Nominal GDP in quarter 4 - nominal GDP in quarter 3 / nominal GDP in quarter 3 × 100
= $24000 - $ 18000 / $18000 × 100
= $6000 / $18000 × 100
= 33.3%
Real GDP growth rate between quartet 3 and 4
= real GDP in quarter 4 - real GDP in quarter 3 / real GDP in quarter 3 × 100
= $13500 - $11000 / $11000 × 100
= 22.7 %
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