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Unit Exam
Unit Exam
Unit Exam
Consumer Price Index CPI in Russia increased to 244.60 points in October from 242.60 points in
September of 2023. Consumer Price Index CPI in Russia averaged 90.65 points from 1992 until 2023,
reaching an all time high of 244.60 points in October of 2023 and a record low of 0.00 points in February
of 1992.
Real GDP (constant, inflation adjusted) of the Russian Federation reached $1,391,070,000,000 in
2022.
GDP Growth Rate in 2022 was -2.07%, representing a change of -31,110,000,000 US$ over
2021, when Real GDP was $1,502,650,000,000.
GDP per Capita in the Russian Federation (with a population of 144,713,314 people)
was $10,169 in 2022, a decrease of $187 from $10,356 in 2021; this represents a change of -
1.8% in GDP per capita.
GDP, or Gross Domestic Product, is the total monetary value of all goods and services produced
and sold within a country during a specific time period, typically one year
Reference: https://www.worldometers.info/gdp/russia-gdp/
Despite the apparent similarity between the GDP Deflator and the CPI at first glance, there are a
few significant distinctions. First, nothing that is imported is included in the GDP Deflator; only products
that are produced domestically. The CPI covers everything that people purchase, including items from
other countries, which makes this different. There is another distinction: the CPI measures only the
products that consumers purchase, but the GDP Deflator measures the prices of all goods and services.
Reference: https://www.econport.org/content/handbook/Inflation/Price-Index/CPI/Differences.html