The country of Economica's GDP deflator and nominal GDP in three different years are shown in the table.YearNominal GDPGDP Deflatoryear 1$25128122year 2$54566108year 3$30967100The base year, i.e. the base period, is Year 3. For years 1-3, please obtain the real GDP. Round your answers to the nearest dollar.What is the real GDP for year 1?real GDP: $What is the real GDP for year 2?real GDP: $What is the real GDP for year 3?real GDP: $

ountry of Economica's GDP deflator and nominal GDP in three different years are shown in the table. Year Nominal GDP GDP Deflator year 1 $25128 122 year 2 $54566 108 year 3 $30967 100 ase year, i.e. the base period, is Year 3. For years 1–3, please obtain the real GDP. Round your answers to the nearest dollar. is the real GDP for year 1? GDP: $ is the real GDP for year 2? GDP: $ is the real GDP for year 3? :DP: $

ountry of Economica's GDP deflator and nominal GDP in three different years are shown in the table. Year Nominal GDP GDP Deflator year 1 $25128 122 year 2 $54566 108 year 3 $30967 100 ase year, i.e. the base period, is Year 3. For years 1–3, please obtain the real GDP. Round your answers to the nearest dollar. is the real GDP for year 1? GDP: $ is the real GDP for year 2? GDP: $ is the real GDP for year 3? :DP: $

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Measuring A Nation's Income

Section: Chapter Questions

Problem 7PA

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