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Real Gdp Essay Preview: Real Gdp Report this essay 1. Calculate real GDP for 2004 and 2005 using 2004 prices. To calculate the real GDP we use the constant price for 2004 which was $20. Real GDP (base year 2004) ($20 per CD x 100 CDs) + ($110 per racquet x 200 racquets) = 24000.